They're calling it a dead cat bounce, but $SLP /USDT's RSI screams otherwise

$SLP - 🔮 SHORT

Trade Plan:

Entry: 0.000918 – 0.000926

SL: 0.000944

TP1: 0.0009

TP2: 0.000892

TP3: 0.000877

Why this setup?

‱ 15m RSI at 28.95: Severely oversold, but the 1D trend is still range-bound.

‱ Entry zone (0.000918-0.000926) aligns with a key 4H level for a potential short.

‱ ATR suggests volatility is primed for a move. This isn't accumulation; it's a technical trap within the range.

Debate:

Is this oversold reading a genuine reversal signal or just a bearish pitstop before the next leg down?

Trade here 👇

SLP
SLPUSDT
0.000632
-0.34%