$SLX 30% RALLY MASKS A LIQUIDITY GRAB FOR SHORT PRESSURE ⚡
This 30% bounce from the downtrend fits a textbook liquidity grab. Daily RSI remains below 40, confirming bearish momentum. Volume is declining as price rises—a divergence that often precedes continuation lower. The 4-hour chart shows a clear order block overhead at previous resistance turned supply.
Market structure favors a sweep of recent lows. Are you chasing this move or waiting for a short entry on the next breakdown?
Not financial advice. Always manage your risk.
#SLX #ShortSetup #Fakeout #LiquidityGrab
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This 30% bounce from the downtrend fits a textbook liquidity grab. Daily RSI remains below 40, confirming bearish momentum. Volume is declining as price rises—a divergence that often precedes continuation lower. The 4-hour chart shows a clear order block overhead at previous resistance turned supply.
Market structure favors a sweep of recent lows. Are you chasing this move or waiting for a short entry on the next breakdown?
Not financial advice. Always manage your risk.
#SLX #ShortSetup #Fakeout #LiquidityGrab
⚡