💥 $SLF /USDT – Oversold Bounce or Reversal Brewing? 🔄🔥

$SLF just snapped out of a brutal downtrend with a powerful high-volume bounce from multimonth lows. After clearing key moving averages, bulls are eyeing higher levels — but the big test lies ahead. Can it flip momentum for real?

📈 Current Price: $0.0760

MA 20: ✅ $0.0661

MA 50: ✅ $0.0686

MA 200: ❌ $0.0976 (still capping upside)

📊 Trade Setup:

• Entry Zone: $0.0745 – $0.0765

• Target 1 (TP1): $0.088 – Fib zone + MA200 test

• Target 2 (TP2): $0.100 – Key breakout confirmation ✅

• Stop Loss (SL): Below $0.0700

📌 Support & Resistance Levels:

• Support: $0.0710

• Resistance: $0.0880 / $0.0975

📉 Technical Pulse:

• Strong bullish engulfing candle off the lows

• Volume surge confirms real interest

• Both MA20 and MA50 reclaimed with force

• Still below MA200 – needs strong breakout to confirm trend shift

🛡 Risk Note:

Reclaiming MA200 is key. Until then, treat as a bounce, not full reversal. Use a tight SL and avoid overexposure in choppy zones.

🔄 Strategy Breakdown:

We’re watching a classic bounce from oversold conditions with early reversal signs. If bulls flip $0.088 and sustain above MA200, $0.100 becomes a real magnet. Clean entry here offers strong RR for short-term momentum traders.

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