To be honest, $SLX —I've been watching this trend all day. That 0.125 range has been repeatedly churning; it's clearly not going up. The 4-hour structure is already bearish—when the rebound reaches the resistance level, it gets knocked back. And the trading volume is still increasing—what is that if not distribution? I went short directly and I'm waiting to see it break downward.
Don't talk to me about support. A post-contraction rebound followed by volume-expansion selling is usually the start of an acceleration. Just hold on.
🔴 Trade Direction: Short
📍 Entry Range: 0.12523 – 0.12630
🛑 Stop Loss: 0.13092
🎯 Take Profit 1: 0.12190
🎯 Take Profit 2: 0.11932
🎯 Take Profit 3: 0.11545
#SLX
Click below to trade👇👇👇
Don't talk to me about support. A post-contraction rebound followed by volume-expansion selling is usually the start of an acceleration. Just hold on.
🔴 Trade Direction: Short
📍 Entry Range: 0.12523 – 0.12630
🛑 Stop Loss: 0.13092
🎯 Take Profit 1: 0.12190
🎯 Take Profit 2: 0.11932
🎯 Take Profit 3: 0.11545
#SLX
Click below to trade👇👇👇