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Has SLX’s RSI already fallen to 33—trap or opportunity?
$SLX /USDT - Go LONG
Trading plan:
Entry: 0.11637 – 0.11779
SL: 0.10821
TP1: 0.12373
TP2: 0.12816
TP3: 0.13481
Why focus on this structure?
- The 15-minute RSI is only 33.07, near the oversold zone, with short-term rebound momentum building up.
- The 4-hour trend is clearly LONG, with 77.4% confidence; the daily is in a ranging zone, suitable for buying the dip.
- Entry reference: 0.11708; TP1 at 0.12373—reward-to-risk looks ideal.
Discussion:
Will SLX bounce to TP1 first in this leg, or keep dropping further?