$$SLX At this position of 0.5502, it surged from 0.4627 to 0.6969 in 24 hours then crashed back down, with a swing of over 50%. Are you still not pumped by a 13% gain? I entered at 0.48 last night, didn't exit at 0.68, and now half of my profit is gone. Don't follow my lead. Keep a close eye on the support at 0.55. If it fails to hold, the next stop is the support zone at 0.4627. If it holds, there's still a chance to rally to 0.6.

Market sentiment is shifting today. Look at the trading volume of $412 million, higher than yesterday, but the candle is a big bearish with no lower wick, indicating heavy selling pressure at highs. Those who chased at 0.69 are now all trapped, and the stop-loss selling hasn't been fully exhausted. So the scenario is clear: either it stabilizes above 0.55 before the US stock market opens tonight, retests 0.58 on a bounce, then probes 0.6 — that's the adding window for holders. Or it breaks directly, and the 0.5-0.48 zone becomes a "catching knives" area — whoever catches it gets wrecked.
Trading suggestion: Entry: Wait for a pullback to 0.53-0.54 without breaking, then enter. Don't chase the tail of this 0.55 level. Stop-loss: Set at 0.52. If broken, it means bulls have given up; don't hold. Take-profit: First target 0.6, second 0.65. Position size should be controlled within 20% of your capital.
I usually go heavy only at low levels; this position now is only suitable for testing. If you want to follow my live trading, you can click my avatar. The news is faster than the price, but for this trade, make sure you see it clearly before acting.
There are still 3 hours until the next turning point window. Do you have bullets or knives in your hand?