SLX is currently in a descending wedge with bullish RSI divergence. Look for a breakout and retest of upper trendline for entry or enter a small position on bounce of lower trendline, stoploss at last swing low with target of $4 and will be moving SL to BE when safe to do so.
Note
Has broken out will see if comes back to support @$3.35 for a entryTrade active
entry @$3.35Note
Have moved SL to $4 as target reached for no risk playTrade closed: target reached
RR 1:4.5
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.