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$SLX stepped down hard, basically fulfilling the earlier pressure logic from the highs. The most interesting part is that before the drop, many were still waiting for a breakout, but the chart never showed real strength.
My short entry was referenced at 0.21605, not because I was trying to call the top, but because I saw the rebounds getting more and more difficult — once the support below breaks, it easily triggers follow-through. What really confirmed it for me was that price failed to hold on multiple attempts to climb, and the pullbacks became sharper and sharper — something was off.
Now it's at 0.19472, with a floating profit of +193.39%. With the volatility range opened up, the short position is playing out smoothly. Patience first, decisive execution later — that's how trading works. Don't act without a signal, and don't hesitate when the opportunity presents itself.
Currently, I'm handling it in an 80/20 split — first lock in profits, then use a stop to see if the remaining position extends further. As long as a rebound doesn't reclaim the key level, the bearish rhythm remains intact.
If you missed it, you missed it. Never chase emotionally. No chasing — wait for the next opportunity.
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