SLRX Peaked at $1.70 Today than Down, Possible Retracement?
First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, SLRX have pulled a bullish run and then crash within an hour. This was likely due to some automated trigger by some large fund starting to slowly upward incremental sell at the $1.15 level or people subscribing to some sort of signal for a breakout hour. Likely this sudden rise is an example of what it feels like competing with an AI in the stock trading world. Hint: It doesn't feel good. That being said, I could have took the profit at $1.69, $1.70 at one point but the prices were fluctuating too fast and I thought I would hit the $1.83 sale off target. I still think my target for $1.83 is likely going to be filled, but I modified my new wave retracement target to $1.60 as to mitigate risk for the next wave. That being said, short term, I am bullish. I think SLRX at this price level is still worth a hold.
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