The high level I’d been watching was under heavy pressure, and today it finally delivered the answer. This round in $SLX isn’t a normal pullback—it’s an intentional selloff after the bulls’ repeated probing attempts kept failing.

Back then, I was watching the 0.21605 area. The price couldn’t keep pushing up no matter how often it tried. As the order book went on, it looked thinner and thinner—there was no sustained follow-through on the pump, but the pullbacks kept getting faster, each one quicker than the last. A lot of people were still wondering whether it might “wash out” before pushing higher, but the key is right here: the structure clearly changed. A strong market wouldn’t keep draining like that over and over.

Now it has already been driven down to 0.11301. This short trade is up +939.33%, and the move is clearly extending. There also wasn’t a complete lack of bounce in the middle, but the bounce highs kept getting lower and lower—this is the exact rhythm bears love. The more you hesitate, the easier it is to get dragged downward.

On my side, I’ll handle it first in chunks based on an 80/20 plan. I’ll take the main profit first, then place the remaining position at the protection level—giving it a bit of space to continue releasing. If the trade is profitable as it falls, you have to stay even more calm. Don’t lose your rhythm just because of a single bearish candle. Don’t chase what you missed—wait for the next opportunity, cleaner and clearer.

$BTC $ETH