To be honest, I can clearly see the setup of this pullback at $SLX . The 4-hour short-side framework hasn’t changed; the daily chart is just consolidating and ranging. Every time it rebounds to around 0.53, it gets pushed back down.
The 15-minute RSI is still in the 50s, momentum isn’t extremely bearish—there’s still downside room.
The trading volume is also just so-so. The seller is clearly actively pressing the price down; it’s not a fake move. I placed a short order directly at this resistance zone and I’m waiting for it to move lower.
🔴 Trading direction: Short
📍 Entry range: 0.52967 – 0.53459
🛑 Stop loss: 0.55574
🎯 Take profit 1: 0.51442
🎯 Take profit 2: 0.50262
🎯 Take profit 3: 0.48492
#SLX
Click below to trade👇👇👇
The 15-minute RSI is still in the 50s, momentum isn’t extremely bearish—there’s still downside room.
The trading volume is also just so-so. The seller is clearly actively pressing the price down; it’s not a fake move. I placed a short order directly at this resistance zone and I’m waiting for it to move lower.
🔴 Trading direction: Short
📍 Entry range: 0.52967 – 0.53459
🛑 Stop loss: 0.55574
🎯 Take profit 1: 0.51442
🎯 Take profit 2: 0.50262
🎯 Take profit 3: 0.48492
#SLX
Click below to trade👇👇👇