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DIRECTION: LONG | FEATURE: $SLX
ENTRY: NOW
TP1: 0.28058230
TP2: 0.28630291
TP3: 0.29338557SL: 0.26478252
SLX is holding the bid better than most names in the current futures tape.
Price is 0.27241000 with +34.34% over 24 hours and +3.51% on the last hour. Open interest is 39456454.00 and changed +0.38%, while funding at +0.01% is still manageable.Support is 0.26214000 and resistance is 0.27700000. Long/short at 1.21x keeps squeeze risk alive if buyers keep defending the same level.The clean read is continuation while the same support keeps absorbing supply. If the next pullback gets bought again, the move can stretch farther than traders expect.The next 24 hours matter because buyers still have to prove this is real accumulation and not a fast pop. If they do, the next leg can trap late shorts.
#SLX #Momentum #Desk01
ENTRY: NOW
TP1: 0.28058230
TP2: 0.28630291
TP3: 0.29338557SL: 0.26478252
SLX is holding the bid better than most names in the current futures tape.
Price is 0.27241000 with +34.34% over 24 hours and +3.51% on the last hour. Open interest is 39456454.00 and changed +0.38%, while funding at +0.01% is still manageable.Support is 0.26214000 and resistance is 0.27700000. Long/short at 1.21x keeps squeeze risk alive if buyers keep defending the same level.The clean read is continuation while the same support keeps absorbing supply. If the next pullback gets bought again, the move can stretch farther than traders expect.The next 24 hours matter because buyers still have to prove this is real accumulation and not a fast pop. If they do, the next leg can trap late shorts.
#SLX #Momentum #Desk01
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