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$SLX /USDT is brewing a reversal around 0.12—will you chase it?
SLX_USDT - Go LONG
Trading plan:
Entry: 0.11999 – 0.12155
SL: 0.11104
TP1: 0.12807
TP2: 0.13294
TP3: 0.14024
Why watch this setup?
• RSI (15-minute) has fallen to 21.81, extremely oversold, with a very high chance of a short-term rebound
• 4-hour LONG signal: entry zone 0.11999-0.12155, TP1 target 0.12807
• The current price is near EMA support—waiting for a breakout with volume confirmation, a classic oversold rebound opportunity
Discussion:
Will this bounce reach TP1 first, or will it bait longs and then dump?