$SLF /USDT, based on the given data:
$SLF/USDT BEARISH BREAKDOWN BELOW KEY SUPPORT
Current Price: $0.0659 (-9.35%)
24h Range: Low $0.0640 | High $0.0731
Volume: 51.35M SLF / 3.54M USDT
🔻 TECHNICAL OVERVIEW
SLF has broken below a critical support zone near $0.0700, confirming a bearish continuation pattern after sustained rejection from previous highs in the $0.073–$0.080 zone.
📉 KEY LEVELS:
Resistance:
🔹 $0.0700 — Recently flipped from support to resistance
🔹 $0.0800 — Mid-term horizontal barrier
🔹 $0.1000 — Psychological level
Support:
🔸 $0.0640 — 24h low, acting as near-term support
🔸 $0.0600 — Key downside target if breakdown sustains
🔸 $0.0500 — Next major demand zone
📊 TRADE SETUP (SHORT BIAS):
Entry: $0.0660–0.0675 (on minor pullback)
Stop-Loss: $0.0710 (above broken support)
Take Profits:
TP1: $0.0600
TP2: $0.0550
TP3: $0.0500
🛡️ RISK MANAGEMENT:
🔸 Risk 1–2% of capital per trade
🔸 Avoid overleveraging due to high volatility
🔸 Confirm continuation with volume before entry
📉 SLF/USDT is showing signs of a deeper retracement after breaking key support. Monitor closely for bearish momentum confirmation.
#CryptoTrading #SLF #Binance #BearishSetup #PriceAction $SLF