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SLP / TetherUS

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SLPUSDT trade ideas

SLPUSDT BULLISH POTENTIAL REVERSAL > 0.4$Hello Traders ! Please support this idea with a LIKE if you find it useful. - As we are trading SLP on 1D time chart we can see clearly the falling wedge pattern which started around 14 July creating lower lows and lower highs with a contracting range, also since we find that pattern in an downtrend we can positively speak about a potential bullish reversal ( downtrend is loosing momentum. - Starting 19 September SLP price is acting inside a sideways trend ( consolidation phase trading within limited price ranges) , buyers are accumulating in this phase around 0.065$ ( support zone )and will try to push price forward above 0.10$. -Volume is seeing more buying pressure and less selling pressure which indicate a positive sign for SLP . - RSI is making his away above oversold zone 40> - Stochastic is in oversold zone preparing for a bounce off. - I am overall bullish despite AXS 800 MMR updates Entry Position : 0.065$ S/L Position : 0.058$ TP1: 0.100$ TP2: 0.1350$ TP3 : 0.1700$ TP4: 0.200$ Good luck traders!
Long
by Johnny_a88
CRYPTO - SLP - Oversold. Buying interest increasing. Get longCRYPTO - SLP - In July 2021 SLP went overbought and started a large sell off. It has been sold off aggressively since. On 21 Sep it went oversold. This is what caught my attention. There are two large green candles that have large volumes which shows interest is there. The selling pressure is weakening which you can see in the rising RSI. STO is falling to lows and looks ready to bounce. Time to get long again. Current price 0.071 with target 0.109. Volume is tapering off after the large increase which shows sellers falling away. RSI - Increasing on new lows so selling pressure is weakening STO - Fast STO is at 7 so time to head back up again. Target 1 = 0.109 Stop Loss = 0.058
Long
by thecryptochart