This sell-off at last knocked out the “fake strength” from the top. $SLX kept getting repeatedly pushed back from above, and I didn’t see it as truly strong from the start. What really caught my attention was that every time the price surged upward, it failed to be continuously supported—once sell pressure showed up on the order book, it went soft. Many people were still waiting for a breakout, but what I saw was upper lots loosening up.

I’d already been watching this level. When SLX was near 0.21150, I entered following the short-side rhythm; I didn’t chase that kind of fake, lively pull-up. The key was that breakdown moment—those who hesitated were still watching for a rebound, while the market had already started releasing downward.

Now the price is at 0.11781, and this trade is up +873.52% floating profit. The market’s downside room has been released pretty decisively. Those with heavier positions can handle part of it in batches first; the rest should keep a proper protection level and see whether it can keep extending.

The biggest fear with this kind of market is making profit and then giving it all back. If you missed it, don’t rush—don’t chase; wait for the next opportunity.

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