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This one is a typical case of luring longs at the top before dumping. The order book looked strong at first, but once the support weakened, the bears immediately opened up the downside space. As for $SLX , I didn’t try to guess the top—I only watched whether the capital at key levels was willing to keep absorbing.
When shorting around 0.21605, the controversy was actually huge. A lot of people thought it would keep pushing higher, but things here were already off. The rally didn’t continue—on the contrary, the pullback became smoother and smoother. Now 0.12314 has already been hit, and the short position is up +846.92%, with the room for volatility clearly opened.
The most comfortable thing in trading isn’t nailing the exact key level every time—it’s moving when you should without hesitation, and taking profit when you should without greed. Brothers with heavy positions can scale out in batches first; the rest can hold with a protective level to see whether there will be a second release. If your position is light, don’t rush to add either—chasing after a sharp selloff can easily get you washed out by a rebound.
This trade will be handled according to plan for now. Miss it, then miss it—I won’t chase. I’ll wait for a more comfortable level.
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