Smooth Love Potion (SLP), low is set and looking for +500%
Updated
After its initial launch on Binance SLP has been regularly dropping for weeks.
- has reached oversold on several timeframes
- has reached new all time low
- just broke out from huge descending wedge with big volume
- Price and Volume are showing big bullish divergence
target of the next price action is top of descending wedge, more than x6 of current price. May take some weeks to be reached.
this post is for educational purposes and not trading advice. do your own research.
- has reached oversold on several timeframes
- has reached new all time low
- just broke out from huge descending wedge with big volume
- Price and Volume are showing big bullish divergence
target of the next price action is top of descending wedge, more than x6 of current price. May take some weeks to be reached.
this post is for educational purposes and not trading advice. do your own research.
Note
Update: -price confirming reversal
-more volume coming in
we are close to a first big jump (x2).
you can start to secure some worst-case profits with a stop loss above your entry point.
enjoy!
Trade active
Price is in a channel now, tested borders twice and just today - exactly when it had to, it bounced again strongly with volume, confirming a further higher low and breaking the new little wedge.Place more conservative stop loss (which has already become take profits from a while) under the recent low.
cheers,
baked finance
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