$SLX remains in a bearish trend, although the latest 4Hr candles are showing a bullish reaction after price came close to the ATL zone.
Price has bounced back toward 0.077, but 0.079 is the first key resistance.
If #SLX breaks and sustains above 0.079, we could see 0.081–0.082, where the 4Hr MA25 (~0.0813) and 1hr MA99 (~0.0814) are positioned. Holding this zone would be important for any meaningful bullish continuation.
📍 Short Setup
I would recommend considering a short only after 0.0747 is clearly lost.
If that support breaks with strong selling volume, further downside levels come into focus: 0.072 → 0.070 → 0.067 → 0.060 → 0.050 → 0.040
Once 0.070 is reached, it would be worth protecting the position by moving the SL to 0.072.
⚠️ Until 0.0747 breaks, I would avoid chasing shorts. Let the support confirm the breakdown first.
Price has bounced back toward 0.077, but 0.079 is the first key resistance.
If #SLX breaks and sustains above 0.079, we could see 0.081–0.082, where the 4Hr MA25 (~0.0813) and 1hr MA99 (~0.0814) are positioned. Holding this zone would be important for any meaningful bullish continuation.
📍 Short Setup
I would recommend considering a short only after 0.0747 is clearly lost.
If that support breaks with strong selling volume, further downside levels come into focus: 0.072 → 0.070 → 0.067 → 0.060 → 0.050 → 0.040
Once 0.070 is reached, it would be worth protecting the position by moving the SL to 0.072.
⚠️ Until 0.0747 breaks, I would avoid chasing shorts. Let the support confirm the breakdown first.