It looks like just a routine pullback, but the intraday details are actually quite clear: the rebound strength is getting weaker and each time the price tries to surge, it gets pushed back down.

My judgment isn’t based on a single line; I look at whether $SLX can continue to hold at key levels. This time, I started tracking from around 0.24784, and from there to the current price of 0.15925—the feedback the price action gives is pretty direct, and the signs of weakness continuing are becoming clearer.

Return rate: +704.36%. This one is more the result of patience. In a downtrend, the easiest thing to be thrown off by is short-term rebounds. My trading habit is to look at structure first, then volatility.

Let’s record the process together if you followed along. If you didn’t, don’t regret it—there won’t be only one chance in the market. We’ll keep watching how things change going forward.

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