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TS3L301: Please validate my design.

Part Number: TS3L301
Other Parts Discussed in Thread: TXS0108E

I am giving a LVCMOS output(3V3 level) to the TS3L301DGGR, from mux output i am giving it to level translator TXS0108ERGYR to translate from 3.3V to 1.8 V, 

Will it work??