On a technical aspect, SLP is in a good bullish rally over the past week. Price has recently made an explosive move to the upside breaking a significant area (0.02). A break in this area is followed by a retest turning the previous resistance into support. Once we get a 4H candle close above this area we can confirm that the trend is still bullish.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.