$SLX After a 15m-level flash crash, the market enters a low-volatility consolidation phase. Current price: $0.07003. 📉 The main cause of this sharp drop: K-line 4 shows a high-volume long bearish candle (-1.09%, body ratio 92.8%). After that, the rebound candles are bullish, but their bodies are all less than 10%, while volume continues to shrink—indicating bears are in control and bulls are extremely weak in absorption. 😰 Although there are four consecutive bullish candles that look like a recovery, the average volatility is only 0.65%, which is a “dead cat bounce”-type weak rebound. Also, K-line 6 releases a huge volume but still fails to rise (stalls), suggesting possible distribution by the main players or contract liquidation. ⚠️
Short-term strategy: If the rebound fails to break the resistance zone at 0.0708–0.0712, you may take a small position to short 🎯 Targets: 0.0680 / 0.0665. Stop loss: 0.0725. If there is a breakdown below 0.0695 on increased volume, you can follow with a short position, but be careful of a wick/spike—given low liquidity, be sure to use low leverage. 🛑 For conservative traders, wait for the 15m close to confirm the direction before acting.
Short-term strategy: If the rebound fails to break the resistance zone at 0.0708–0.0712, you may take a small position to short 🎯 Targets: 0.0680 / 0.0665. Stop loss: 0.0725. If there is a breakdown below 0.0695 on increased volume, you can follow with a short position, but be careful of a wick/spike—given low liquidity, be sure to use low leverage. 🛑 For conservative traders, wait for the 15m close to confirm the direction before acting.