In the early session, this downward push made the divergence clear at once. $SLX isn’t that it hasn’t bounced—it's that the bounce had no quality. Many people saw it moving sideways above and started fantasizing about further strength. What I saw was the opposite: suppression overhead kept recurring, the support got weaker and weaker, and the structure clearly changed.

The key is around 0.21150. SLX has tried a few times but didn’t give any effective follow-through, indicating buyers aren’t willing to keep taking it higher. I went long there, waiting for a pullback confirmation after a failed attempt to push higher. Now the price has moved to 0.12067; this profit is +847.36%. Once the room for volatility opened up, the shorts cashed out very directly.

In this kind of market, you can’t just stare at a single K-line. What really matters is the attitude after the bounce. If it should be strong but isn’t, then it’s weak. If it can’t hold, you have to watch out for a pullback. What I care about more now is profit protection—I don’t want the space that’s already opened to be given back for nothing.

Scale in and hold with positions, and move the protection level up. If you miss it, don’t rush—don’t chase the order, wait for a more comfortable spot.

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