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$SLX | 1h | Breakdown Short
Bias: Short
Entry Zone: 0.4480 to 0.4550
Stop Loss: 0.4660
Targets:
TP1: 0.4200
TP2: 0.4020
TP3: 0.3850
Invalidation:
Close above 0.4660
Why This Setup:
I’m looking for a short after the strong impulsive move into resistance, where price is showing hesitation and rejection near the recent highs. If support at 0.4480 fails, I expect a pullback toward the prior breakout levels and liquidity below.