$SLX IS SHOWING WEAKNESS AT THE CURRENT RESISTANCE ZONE 📉
Entry: 0.2861 - 0.3328 🔥
Target: 0.2740, 0.2376, 0.1854 🚀
Stop Loss: 0.3576 ⚠️
The price action on $SLX is struggling to maintain momentum above the 0.33 level, and we are seeing a clear rejection on the higher timeframes. With the current structure tilting toward a downside move, the risk-to-reward ratio for a short position is starting to look favorable.
I am watching how the price reacts to the 0.28 support level to confirm if this downward trend has legs. Do you think this drop will hold or are we looking at a liquidity sweep?
Not financial advice. Always manage your risk.
#SLX #ShortSetup #Crypto #Trading #PriceAction
🎯
Entry: 0.2861 - 0.3328 🔥
Target: 0.2740, 0.2376, 0.1854 🚀
Stop Loss: 0.3576 ⚠️
The price action on $SLX is struggling to maintain momentum above the 0.33 level, and we are seeing a clear rejection on the higher timeframes. With the current structure tilting toward a downside move, the risk-to-reward ratio for a short position is starting to look favorable.
I am watching how the price reacts to the 0.28 support level to confirm if this downward trend has legs. Do you think this drop will hold or are we looking at a liquidity sweep?
Not financial advice. Always manage your risk.
#SLX #ShortSetup #Crypto #Trading #PriceAction
🎯