Hello,
Supply and resistance are very close to each other which means we are gonna see a breakout. But I believe if it will be a down move it will be much smaller than to the upside. So the reward is much higher.
Also, watch the devs as they may tune the burning mechanism for SLP and stop the selling pressure, I'm personally expecting this
Good luck and manage your risk
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone.
Supply and resistance are very close to each other which means we are gonna see a breakout. But I believe if it will be a down move it will be much smaller than to the upside. So the reward is much higher.
Also, watch the devs as they may tune the burning mechanism for SLP and stop the selling pressure, I'm personally expecting this
Good luck and manage your risk
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone.
Note
Just added the Fixed Vol profileibb.co/nQ8Fpy3
Trade active
Support* and resistanceTrade active
SLP Burned/Minted Chartaxieworld.com/en/economics/charts?chart=slpIssuance
Trade active
weekly close at .07$ nice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.