$SLX /USDT 4-hour RSI hits the bottom at 29, has a reversal signal already appeared?



$SLX /USDT - LONG

Trading plan:
Entry: 0.14747 – 0.14895
SL: 0.13900
TP1: 0.15512
TP2: 0.15972
TP3: 0.16662

Why focus on this setup?
- 15-minute RSI is only 29.37, oversold zone rebounds have high probability.
- The 1-day trend is range-bound, and the 4-hour long signal has been confirmed.
- Current price is 0.14821, close to the entry low of 0.14747, with a good risk-reward ratio.
- TP1: 0.15512 (+4.6%), TP2: 0.15972 (+7.8%), stop loss only 0.13900 (-6.2%).

Discussion:
Do you think this move will reach TP2 first, or is it a bull trap? See you in the comments!
SLX-4.27%
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