🔥 I'm currently watching $SLX for a potential short opportunity as price approaches a key resistance zone. The market structure remains weak, and sellers could step in aggressively if this area rejects.
📍 Entry Zone
🔻 0.3225 – 0.3450
🛑 Stop Loss
0.40
🎯 Targets
✅ TP1: 0.3125
✅ TP2: 0.30
✅ TP3: 0.25
📊 Why This Setup Looks Interesting
Price is trading near a potential supply zone.
Market momentum remains bearish.
Risk-to-reward ratio becomes attractive if the entry zone is respected.
A breakdown below support could accelerate selling pressure toward the lower targets.
⚠️ Risk Management First
No trade is guaranteed. That's why the stop loss is placed at 0.40 to protect capital if the market moves against the setup.
If bears maintain control, the path toward 0.3125, 0.30, and potentially 0.25 remains open.
📉 Trade the plan, not emotions.
