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$SLX (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 0.190 - 0.198
Targets:
TP1: 0.181
TP2: 0.174
TP3: 0.168
Stop Loss: 0.203
Why this Setup:
I see price stalling after a strong impulse into overhead supply, and I want to short any failed reclaim of this resistance area. If momentum fades here, I expect a move back toward the prior breakout levels and lower liquidity zones.