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SLX 4H oversold zone—waiting to strike. Will you dare to follow this reversal?
$SLX /USDT - Go LONG
Trading plan:
Entry: 0.13701 – 0.13871
SL: 0.12731
TP1: 0.14577
TP2: 0.15105
TP3: 0.15896
Why focus on this structure?
- The 15-minute RSI is only 26.79, close to oversold, with short-term rebound momentum building.
- The 4H long signal is confirmed (confidence 77%). The intraday trend is ranging, making it suitable for positioning at a low level.
- The entry range is 0.13701–0.13871. TP1 is 0.14577 (+5.7%), SL is 0.12731 (-7.6%). The risk-reward is reasonable.
- Why now? The oversold zone is lining up with medium-cycle support, and the rebound window is already open.
Discussion:
Do you think SLX will first surge to TP1, or will it keep dipping to 0.1273 before reversing?