Hello everyone, this is my analysis of SLP,
Beside this always have an eye on BTC because leader can accelerate the movements and momentum.
1- We are in down trend yet and as you can see price is moving into downward channel.
2- Price became close to it's important resistance 0.069 price.
3- In past price tried 2 times to break the resistance but failed, so I guess for the third time it will fail.
4- the volume of the trades are quite attractive in this low.
based on the above situations I believe it will be good for Long position.
----- this is not financial advice -------
Trade with low leverage and make sure to follow risk management while opening a position.
Beside this always have an eye on BTC because leader can accelerate the movements and momentum.
1- We are in down trend yet and as you can see price is moving into downward channel.
2- Price became close to it's important resistance 0.069 price.
3- In past price tried 2 times to break the resistance but failed, so I guess for the third time it will fail.
4- the volume of the trades are quite attractive in this low.
based on the above situations I believe it will be good for Long position.
----- this is not financial advice -------
Trade with low leverage and make sure to follow risk management while opening a position.
Nota
---- First target reached, trend line is broken now and pull back tested successfully----
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.