#SLX is showing a constructive recovery structure across the lower and mid timeframes. Price has reclaimed MA7, MA25, MA99, and MA200 on the 15M chart, while the 1H and 4H timeframes continue printing higher highs and higher lows. MACD remains in bullish territory with positive histogram expansion, indicating momentum is still favoring buyers. RSI is elevated but not yet at extreme levels, suggesting room for continuation if volume remains strong.
The key zone to monitor is the 0.193 support area, where a healthy retest remains possible before the next expansion move. Holding this level would keep the bullish structure intact. Immediate resistance sits around 0.206, while the major breakout level is near 0.220. A decisive close above that region could trigger a stronger momentum phase toward higher targets.
As long as price remains above 0.170, the probability of a larger trend reversal remains valid. The moving averages are beginning to align bullishly, and continued acceptance above MA200 on higher timeframes would further strengthen the setup.
⚠️ Execution Plan: A retest toward 0.193–0.183 should not be viewed as weakness but rather as a potential accumulation opportunity. Avoid chasing green candles aggressively. Scale in gradually using the DCA entries provided and manage risk carefully. If momentum accelerates above 0.220, #SLX could transition from recovery mode into a full trend reversal phase with significantly higher upside potential. 🚀
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