Legends & 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.
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.
Disclaimer
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.
Disclaimer
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.