Just put the order book up in the background, and when I came back to take a look, $SLX had already completely wiped out all the “face” up at the high end. A few days ago, before going to sleep, I was still watching SLX. The price looked like it was holding up, but in reality, every time it tried to surge higher, it was only missing that last little breath—sell walls were pinning it down, and the bid side wasn’t continuing to step in with sustained follow-through.

When the market kept oscillating back and forth during the session, what I saw was weak rebounds—not strong accumulation building up. The volume didn’t keep pace; once it went up, nobody was there to keep the relay going. That’s why I signaled to wait for the shorts at the time, didn’t chase that momentary “fake pull,” and instead executed a long around 0.21150.

Now the price has come to 0.11839, and the short outcome of +867.47% has already played out—answer received. The longer it ground on, the more decisive the real drop was when it finally came.

First close 80%. Then with the remaining 20%, move the protection level to around the cost basis. If it keeps dumping lower, let the profits run. And even if it bounces back, don’t give back what you’ve already taken.

Being out of the position isn’t a crime—messing around and opening trades recklessly is the mistake. Friends who haven’t boarded yet, don’t chase. Wait until the structure of the next round is clear, then make your move—there will still be opportunities, so don’t rush.

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