$SLX EARLY REVERSAL
Top 0.04140 to bottom 0.03209 = -22.5% drop
Bottom 0.03209 to now 0.03662 = +14.1% reversal started
Price just crossed above EMA20 0.03521 and now testing EMA50 0.03661
Vol spike 83.6M red at bottom = Capitulation done, green vol rising now = Buyers back
Trade:
Direction: LONG REVERSAL
Entry Zone: 0.03520 - 0.03662
Buy on support retest,
Stop Loss:
SL tight: 0.03367 (-5%)
SL wide: 0.03209 low (-10%)
Take Profit:
TP1: 0.03777 (+5%)
TP2: 0.03982 (+10%)
TP3: 0.04140 (+13%)
Break above 0.03661 EMA50 = Reversal confirmed, fast move to TP2
Risk: Small position, this is early reversal play
Top 0.04140 to bottom 0.03209 = -22.5% drop
Bottom 0.03209 to now 0.03662 = +14.1% reversal started
Price just crossed above EMA20 0.03521 and now testing EMA50 0.03661
Vol spike 83.6M red at bottom = Capitulation done, green vol rising now = Buyers back
Trade:
Direction: LONG REVERSAL
Entry Zone: 0.03520 - 0.03662
Buy on support retest,
Stop Loss:
SL tight: 0.03367 (-5%)
SL wide: 0.03209 low (-10%)
Take Profit:
TP1: 0.03777 (+5%)
TP2: 0.03982 (+10%)
TP3: 0.04140 (+13%)
Break above 0.03661 EMA50 = Reversal confirmed, fast move to TP2
Risk: Small position, this is early reversal play
