$SLX sellers controlled most of the session, but the recent candles suggest buyers are starting to defend the local low. The key question now is whether this turns into a relief bounce or just another lower high.
Market Bias: Neutral to Slightly Bullish
Quick Chart Read: • Strong downtrend from the 0.4487 high into the 0.2984 low
• Support formed around 0.2980–0.3050 after repeated reactions
• Price is attempting to build a short-term base above the lows
• Recent green candles show improving momentum, but resistance remains overhead
Trade Setup:
Entry Zone: 0.3200–0.3280
Stop Loss: 0.2970
TP1: 0.3450
TP2: 0.3570
TP3: 0.3900
• If support near 0.30 fails, the recovery structure becomes invalid.
Do you see this as the start of a reversal, or just a temporary bounce inside a larger downtrend?
#SLX