$SLX | 1H | Breakdown Short


Bias: Short
Entry Zone: 0.4180 to 0.4250
Stop Loss: 0.4445
Targets:
TP1: 0.3900
TP2: 0.3660
TP3: 0.3295
Invalidation:
Close above 0.4445
Why This Setup:
I see SLX extended into a resistance area after a strong leg up, with momentum starting to stall near the highs. I want a failed push and breakdown back into the prior consolidation range for a cleaner short continuation.
SLX3.61%
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