$M resistance rejection wasn't a pullback — it was the first crack. Price just dropped 12% in a single candle, from near 1.80 straight down to 1.5127, and SuperTrend flipped bearish for the first time since this entire run started.
EMA50 at 1.6895 didn't just get tested, it got sliced through on the same candle. That's two signals turning at once on the exact move that broke the uptrend structure.
1.69 is the level now. Reclaim it and this was a violent wick, not a real breakdown. Stay below it and the next stop is EMA200 down at 1.4253, untouched since this run began.
The rejection called it before the candle did .
NIGHTEYE 🌑 $SLX $TAC
EMA50 at 1.6895 didn't just get tested, it got sliced through on the same candle. That's two signals turning at once on the exact move that broke the uptrend structure.
1.69 is the level now. Reclaim it and this was a violent wick, not a real breakdown. Stay below it and the next stop is EMA200 down at 1.4253, untouched since this run began.
The rejection called it before the candle did .
NIGHTEYE 🌑 $SLX $TAC