$SLX SLX hourly chart shows a consecutive TD13 bearish exhaustion sequence, from the high of 0.546 stepwise downtrend to now, current price 0.20097 near the intraday low of 0.19449, short-term bearish momentum exhausted, about to usher in a wave of oversold repair rebound.

In terms of capital flow, short-term bottom-fishing funds have a small inflow, the position delta turned from negative to positive, but total positions continue to shrink, the major bearish trend has not reversed, and this rebound is only a mid-downtrend continuation.
First resistance at 0.202, medium-term heavy pressure 0.24-0.25; the actual bottom accumulation range for the major player is around 0.16, short-term rebound does not change the overall downward direction.
This coin has long-term negative funding rates, naked longs are at great risk of paying funding, price decline losses will completely cover funding fee gains, short-term rebound play should be quick in and out, long-term bottom fishing is not recommended.