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SLP / TetherUS
Long

SLPUSDT Long Scenario

By Edwin_J7
Yesterday SLP broke out of descending channel also breaking the triangle. We have the first impulse upwards and it makes sense now to wait for a correction and enter the market before the second impulse. I would expect a bounce between 0.618 and 0.786 Fib zones. Also in that area market would retest the descending channel and triangle. Market made a liquidity zone forming equal highs so that would be my target. I would put invalidation level below the "e" of triangle.
What do you think about this one? :)
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Edwin_J7
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