The current price of $SLF /USDT on the 15-minute chart is 0.3271, demonstrating strong upward movement with a recent high of 0.3399, which acts as an immediate resistance level for further bullish action.
On the downside, the support level is positioned at 0.3109, serving as a key cushion in case of any pullbacks.
A potential entry point for traders could be set around 0.3260 to align with the current market movement. For profit-taking, TP1 can be positioned at 0.3350 for quick gains, TP2 at 0.3420 as a moderate target, and TP3 at 0.3500 for a more extended profit.
To manage potential downside risk, a stop-loss (SL) should be placed at 0.3050, safeguarding against a significant dip below the support level.
This trading setup provides an optimal approach for seizing potential upward movement while managing risks effectively.
