Zooming out on $SLX before looking at this setup. The big picture shows a moderate uptrend, with buy signals from the MAs. On the 15M chart, I'm eyeing an entry at 0.218370 with a stop loss at 0.215358, targeting 0.220480 and 0.223180, giving a 1:1.6 risk to reward, with 52% confidence in this long trade on $SLX .