š $SLF /USDT ā Short Setup Alert šØ
Current Price: 0.0661 USDT (+2.48%)
After a failed attempt to sustain above 0.0761 resistance, SLF has retraced sharply, showing weakening momentum on the 4H chart. The rejection candle plus declining volume suggests sellers are regaining control.
š Technical Points:
Strong rejection at 0.0761 (major resistance)
Lower highs forming on intraday charts
RSI showing overbought to neutral shift, indicating possible downside pressure
š Trade Setup (Short):
Entry: 0.0660 ā 0.0675
Target 1: 0.0630
Target 2: 0.0610
Stop Loss: 0.0690
Reason: Price is struggling to hold gains after a pump, with selling pressure building near key resistance. Break below 0.0645 could accelerate downside.