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๐จ ๐ฆ๐๐ข๐ฅ๐ง ๐๐น๐ฒ๐ฟ๐ ๐ผ๐ป $๐ฆ๐๐ซ
Trend shows aggressive bearish momentum with the price breaking sharply below the EMA support cluster. Full breakdown below ๐งต๐
๐ Direction: SHORT | Asset: SLX/USDT
๐ฏ Entry: 0.2500 โ 0.2550 (on failed reclaim of EMA9)
๐ SL: Above 0.2650 structure
๐ฐ TP1: 0.2400
๐ฐ TP2: 0.2300
โ๏ธ R/R: Approx. 2.6R
๐ Score: 84/100
๐ The_Pro Breakdown
HTF POI: 0.2575 (EMA9), 0.2641 (EMA21), and 0.3019 (EMA99) now acting as critical overhead resistance zones.
LTF Confirm: Price is trading at 0.2515, well below all monitored EMAs. MACD confirms bearish sentiment with DIF (-0.0071) and DEA (-0.0074), while RSI (28.02) indicates the asset is deeply oversold and likely to see further downward pressure.
Entry Zone: 0.2500 โ 0.2550 range, looking for a rejection at the EMA9 to continue the prevailing downtrend.
Target Liquidity: Initial test of the recent 0.2443 low, with potential for further downside if selling pressure continues.
๐ง Let the chart speak
โ ๏ธ DISCLAIMER: Market structure analysis onlyโnot financial advice or a signal. Setups are time-sensitive and may become invalid within 1 hour due to rapid price movement.
$SLX

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