🔴 $SLX REJECTED AT KEY RESISTANCE – LOWER HIGHS CONFIRM SHORT BIAS! 📉
Entry: 0.0885 – 0.0900 ⚡
Target 1: 0.0865 🎯
Target 2: 0.0845 🎯
Target 3: 0.0820 🎯
Stop Loss: 0.0925 ⚠️
📊 The rejection off $0.095–$0.098 is classic supply absorption — every retest into that zone brings heavier selling pressure, leaving a clean trail of lower highs. Losing $0.090 confirms the shift in intent, especially with momentum fading on each push up. 🔍 The liquidity pool below 0.0865 is the magnet; an efficient move down will likely sweep that level before institutional shorts start covering. 👁️ Resistance at 0.0925 acts as the line in the sand — if buyers reclaim it, this thesis waits.
💡 Short setups like this are favored as long as the structure holds. The asymmetry to the downside is clear, but respect the invalidation point. 💬 Are you shorting this breakdown or waiting for a reclaim of $0.0925 before committing? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SLX #ShortSetup #Bearish #Crypto
🐻 📉
Entry: 0.0885 – 0.0900 ⚡
Target 1: 0.0865 🎯
Target 2: 0.0845 🎯
Target 3: 0.0820 🎯
Stop Loss: 0.0925 ⚠️
📊 The rejection off $0.095–$0.098 is classic supply absorption — every retest into that zone brings heavier selling pressure, leaving a clean trail of lower highs. Losing $0.090 confirms the shift in intent, especially with momentum fading on each push up. 🔍 The liquidity pool below 0.0865 is the magnet; an efficient move down will likely sweep that level before institutional shorts start covering. 👁️ Resistance at 0.0925 acts as the line in the sand — if buyers reclaim it, this thesis waits.
💡 Short setups like this are favored as long as the structure holds. The asymmetry to the downside is clear, but respect the invalidation point. 💬 Are you shorting this breakdown or waiting for a reclaim of $0.0925 before committing? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SLX #ShortSetup #Bearish #Crypto
🐻 📉