SLP / TetherUSLong
Will SLP go higher?
From last analysis I entered at 0.018 and had a 5% stop loss as there was a possibility it was the bottom. But I was stopped out 😔as SLP went further down towards 0.01 and eventually bounced upwards at 0.088.
I managed to opened a new position at 0.0111 and now in nice profit. SLP may range for a while at the current level 0.018 as it did previously before going higher.
I am hodling for now as SLP is showing good momentum to go even higher, adjusting stop loss as it climbs.
Strong previous support in red line is now a major resistance where I expect a pullback. May sell at the resistance and buy back at pullback expecting it to go higher.
Fundamentals of SLP has also been improved very recently with Axie Infinity team updates to burning rates and minting. Coupled this with current reversal of BTC, SLP could well make 3-5x in the next few weeks.
If we're lucky we might even see SLP visit the previous ATH which is 40x from bottom.
DYOR!
I managed to opened a new position at 0.0111 and now in nice profit. SLP may range for a while at the current level 0.018 as it did previously before going higher.
I am hodling for now as SLP is showing good momentum to go even higher, adjusting stop loss as it climbs.
Strong previous support in red line is now a major resistance where I expect a pullback. May sell at the resistance and buy back at pullback expecting it to go higher.
Fundamentals of SLP has also been improved very recently with Axie Infinity team updates to burning rates and minting. Coupled this with current reversal of BTC, SLP could well make 3-5x in the next few weeks.
If we're lucky we might even see SLP visit the previous ATH which is 40x from bottom.
DYOR!
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