$SLX Follow the bearish direction. The price has clearly stalled in the 0.12523 to 0.12630 area. The rejection signal above has already been confirmed, and next it may continue moving lower.

The current 4-hour structure still leans bearish, and on the daily timeframe the overall market is still oscillating in a range. The 15-minute RSI is around 58, with momentum leaning neutral, leaving room for downside. Also, the 15-minute trading volume has expanded by more than 4 times, indicating that real sell orders are participating.

For entry, you can watch the 0.12523 to 0.12630 range; on the downside, it may test 0.12190 and even 0.11545. Place the defense/stop-loss around 0.13092. Everyone, be sure to control your position size—don’t chase too aggressively—and keep an eye on the risks of market volatility.