Slpusdt
1:20 Potential RRR For SLPUSDTSLPUSDT is currently @61.8% of its latest swing high hence has the potential to pump anytime from now. Am keen on seeing the outcome of this amazing setup
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
BINANCE:SLPUSDT
SLP/USDT { SMOOTH LOVE POTION } - BULLISH SETUPANALYSIS 🔎
- SLP/USDT is retesting the all-time low support.
- There is a relatively high concentration of buyers at this zone.
- There's a potential formation of the bullish double bottom pattern.
- Breakout above the double bottom neckline resistance could be a bullish signal.
BUY ENTRY ⬆️
- Conservative entry: breakout above the double bottom neckline resistance (@0.1037).
- Aggressive entry: current market price.
TARGETS 🎯
- Horizontal resistance levels.
SETUP INVALIDATION ❌
- Breakdown below the all-time low support (@0.0551).
SLP is under the accumulation stageLegends & Scientists, Hi!
A picture speaks a thousand words?
Yes it does, and this is SLP.
Allow me to explain
Well first, on the daily, we have established a well rounded double bottom which is also a retest from the low of May 2021.
Moreover, the volume is now bigger than ever.
Yes, look at the below volume, that's what accumulation looks like.
This is a mid-long term hold on spot!
I would set a stop loss below the double bottom.
SLPUSDT Technical Analysis⏳ Spot
💎 SLPUSDT has broken above the triangle. After the retest and rejection from a very significant level we see that the bulls are back to pump the price. The price soon should move up
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 0.0630 - 0.0680
☕️ TP1 0.0777
🍺 TP2 0.0950
🍻 TP3 0.1111
🍾 TP4 0.1300
🍷 TP5 0.1500
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 0.0540
Good Luck 🎲
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