$SLX -hour decline of 5.89%, current price 0.03487. There are two possible scenarios from here:
① It stabilizes and reclaims the breakdown level → this move looks more like a panic sell-off
② It fails to reclaim that level on a bounce and breaks below the 24h low of 0.03382 → weakness is likely to continue
Personally, I’ll wait to see how the stabilization signals play out before drawing a conclusion. Do you think this is the beginning or the end?
① It stabilizes and reclaims the breakdown level → this move looks more like a panic sell-off
② It fails to reclaim that level on a bounce and breaks below the 24h low of 0.03382 → weakness is likely to continue
Personally, I’ll wait to see how the stabilization signals play out before drawing a conclusion. Do you think this is the beginning or the end?
