$SLF /USDT BEARISH CORRECTION – STRUGGLING UNDER $0.0650 AFTER BREAKDOWN

Current Price: $0.0625 (–6.44%)

Category: Layer 1 | Volume: 29.63M SLF / 1.90M USDT

24h High / Low: $0.0688 / $0.0615

KEY LEVELS TO WATCH:

Support Zones:

$0.0615 – Immediate support (24h low)

$0.0600 – Key psychological level

$0.0585 – Demand zone if downtrend continues

Resistance Zones:

$0.0635 – Minor intraday resistance

$0.0650 – Breakdown confirmation zone

$0.0688 – 24h high and major resistance

❌ TRADE SETUP (SHORT):

Entry Zone: $0.0635 – $0.0650 (on weak bounce)

Targets:

TP1: $0.0615

TP2: $0.0600

TP3: $0.0585

Stop Loss: $0.0665 (above rejection zone)

RISK MANAGEMENT:

Limit exposure to 1–2% of your capital. Look for confirmation of rejection near $0.0650 or a clean breakdown below $0.0615. Secure profits progressively, use a trailing SL if price starts reversing.

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