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The key level I’d been watching finally gave the answer this time. Those few trial moves near the high of $SLX looked like a breakout was coming—but each time, it was just short by a breath. The real crux was that volume never kept up, while the price started to fake a pull-up.
Here, I chose to open a short around 0.21605. After that, the market didn’t hesitate much—straight from the high, it was pressed down to 0.17477. My current return rate is already +377.39%. A lot of people are still waiting for confirmation, but what matters to me is that before any confirmation even shows up, the structure was already off.
The most comfortable part of this selloff is that the pullback didn’t change direction—it only gave a better entry for position confirmation. The more people call for a rebound, the more the chart continues to smash downward. In moments like this, it’s not about clinging to a point with stubborn words—it’s about whether you can hold your position and follow the rhythm.
Now the profit is relatively substantial. If you have a position, remember to protect it—don’t assume the gains are guaranteed. You can take profit in batches, or keep a small portion to watch for the space ahead once the extension becomes clearly visible. If you missed it, don’t chase a short—wait until the next opportunity appears.
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