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$SLX (1h) - Breakdown Short
Bias: Short
Entry (Zone): 0.357 - 0.372
Targets:
TP1: 0.340
TP2: 0.322
TP3: 0.300
Stop Loss: 0.384
Why this Setup:
I’m treating this move as a strong extension into prior supply after a sharp rally, and I want to fade it if price loses momentum under the recent highs. I see nearby liquidity clustered back toward the breakout area, so a rejection here could send price back into the prior consolidation range.