$SLX SLX is in an all-out short downtrend. 0.136 is a falling-stage grinding platform during the drop. The main players will likely keep it choppy and fluctuate around 0.133 for 2–3 days to bait longs and shake out positioning. The ultimate bottom is 0.122–0.128. The short-term rebound is capped and faces pressure at 0.145 with no staying power. The reversal will only start as early as after the first 4 trading days when the positioning and fee-rate conditions are satisfied. The first target for the reversal is 0.157, and the medium-term outlook is 0.195. Bottom-fishing right now carries an extremely high risk.