0.2080! Dropped 16 points in 24 hours, 128M trading volume piled up underfoot like a meat grinder.

It's 9:17 PM Beijing time now. $SLX This slow decline feels very much like a desperate stampede at the end of washout — veteran traders who got up to build positions at 4 AM got slaughtered, but did you notice the low at 0.1945? That spot happens to be the weekly low support; the selling pressure shrank directly and rebounded when it hit that level. I'm not interested in being a permabear, but I don't want to catch a falling knife either.
Two possible scenarios: First, before the US stock market opens tonight, if it smashes down again to around 0.195 and rebounds with volume, that would be a definite signal for bottom-fishing, so decisively pick up chips; Second, if it directly breaks through 0.215 without looking back, it means the market maker has chosen to forcibly pump the price to raise costs, and shorts will be liquidated. The worst case is it consolidates between 0.200-0.210, which means distribution isn't over yet — stay away.
Operation advice is very clear: place buy orders in the 0.196-0.200 range, set stop loss two ticks below 0.191, and if it breaks, cut losses and exit. First profit target 0.225, second target 0.238. Position size should be within 3% of total capital — don't gamble your entire savings at this time.
The stop loss line is like the liquidation line of a crypto exchange; those who don't set stop losses are just delivering ammo to others. If you want to follow my real trades, check my Gate account updates yourself — the data doesn't lie.
Countdown begins: 1 hour 47 minutes until US stock market opens tonight. I'm waiting to see who will catch at the 0.195 level. If it goes above 0.215 without a pullback, you decide whether to chase; if it breaks below 0.191, I won't mention $SLX for the rest of the month. You choose — don't wait until you're buried to remember my words.