SLP ready for a wave up?
Updated
Been watching this one for a while and it's now slowly dying. It's waiting for a burn mechanic in Axie Infinity.
Recent spikes have been aggressive (80% in a day) and this setups can easily be attained.
There are also bullish divergences on multiple timeframes.
This setup offers a 3:1 RR and could also be transitioned into a swing trade as I believe that the recent highs of 40 cents will be taken out.
Recent spikes have been aggressive (80% in a day) and this setups can easily be attained.
There are also bullish divergences on multiple timeframes.
This setup offers a 3:1 RR and could also be transitioned into a swing trade as I believe that the recent highs of 40 cents will be taken out.
Note
Taking it's time but I'm still bullish on this coin.Note
SLP got destroyed.The good news is that Axie finally implemented a bigger SLP burn mechanic.
I want to see bullish market structure from now on otherwise it will die
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