$SLX Short Setup
Entry: 0.4330 – 0.4370
SL: 0.4760
TP1: 0.4200
TP2: 0.4100
TP3: 0.3950
TP4: 0.3800
The breakdown candle is the trigger — a clean drop from 0.4460 to 0.4369 that took price straight through EMA 50, EMA 200, and SuperTrend all at once, first close below that entire cluster since price reclaimed it hours earlier.
Before this, price had been chopping in a wide 0.42-0.47 range for a long stretch, using the EMA cluster as support on every dip. This candle didn't just dip into it — it closed clean through, with size behind it.
SL sits above the SuperTrend/EMA zone at 0.4753-0.4760. A reclaim back into that cluster invalidates the breakdown.
Trade here 👇👇
Entry: 0.4330 – 0.4370
SL: 0.4760
TP1: 0.4200
TP2: 0.4100
TP3: 0.3950
TP4: 0.3800
The breakdown candle is the trigger — a clean drop from 0.4460 to 0.4369 that took price straight through EMA 50, EMA 200, and SuperTrend all at once, first close below that entire cluster since price reclaimed it hours earlier.
Before this, price had been chopping in a wide 0.42-0.47 range for a long stretch, using the EMA cluster as support on every dip. This candle didn't just dip into it — it closed clean through, with size behind it.
SL sits above the SuperTrend/EMA zone at 0.4753-0.4760. A reclaim back into that cluster invalidates the breakdown.
Trade here 👇👇