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SLX's RSI suddenly bounced on the 15m, is it a bull trap?
$SLX /USDT - Short SHORT
Trade Plan:
Entry: 0.1936 – 0.1968
SL: 0.2110
TP1: 0.1834
TP2: 0.1755
TP3: 0.1636
Why focus on this structure?
- Current direction: SHORT, confidence 55%, but the 15-minute RSI has reached 60.91, with short-term rebound momentum.
- Why now? The 1D trend is oscillating, the 4h bearish signal is not confirmed, the RSI rebound may just be a false breakout.
- Key levels: Entry 0.1952, TP1 0.1834, SL 0.2110. If the rebound breaks 0.1968, the short position risk increases.
Discussion:
After this RSI surge, are you waiting to add to shorts at 0.1968, or directly chasing longs to bet on the rebound?