$SLX PARABOLIC EXHAUSTION CONFIRMED – TIME TO SHORT 🔥
Entry: 0.5850 - 0.6100 🔥
Target: 0.5200 - 0.4600 - 0.4000 🚀
Stop Loss: 0.6700 ⚠️
SLX surged nearly 60% over the past two weeks but has now printed a clear rejection at the 0.6100 resistance zone. Momentum is fading on the 1H chart — RSI divergence and lower volume on the latest push higher signal exhaustion. If price fails to reclaim the peak area, a fast corrective leg toward 0.5200 becomes the base case.
Are you taking this short at current levels or waiting for a retest of 0.6100?
Not financial advice. Always manage your risk.
#SLX #ShortSetup #Crypto #Bearish #Trading
🔥
Entry: 0.5850 - 0.6100 🔥
Target: 0.5200 - 0.4600 - 0.4000 🚀
Stop Loss: 0.6700 ⚠️
SLX surged nearly 60% over the past two weeks but has now printed a clear rejection at the 0.6100 resistance zone. Momentum is fading on the 1H chart — RSI divergence and lower volume on the latest push higher signal exhaustion. If price fails to reclaim the peak area, a fast corrective leg toward 0.5200 becomes the base case.
Are you taking this short at current levels or waiting for a retest of 0.6100?
Not financial advice. Always manage your risk.
#SLX #ShortSetup #Crypto #Bearish #Trading
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