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Sep 3, 2021 5:39 PM

$SLP/ETH 3D (Binance) Descending parabolic curve on support Long

SLP / EthereumBinance

Description

Smooth Love Potion is down-trending hard but is approaching strong demand zone and seems to be near reversal!

Risk/Reward= 1:2| 1:3.67 | 1:5.2
Expected Profit= +96.27% | +177.10% | +250.70%
Possible Loss= -48.25%

Fib. Retracement= 0.236 | 0.382 | 0.5
Estimated Gain-time= 5 months

Current Price:
0.00003443

Entry Zone:
0.00003031 - 0.00002279

Take-Profit Targets:
1) 0.00005211
2) 0.00007357
3) 0.00009311

Stop Targets:
1) 0.00001374

Trade active

First entry filled

Smooth Love Potion is following the curve as planned so far, we are loading some more here and we'll be patient enough!

Trade active

All entries were filled

SmoothLovePotion kept diving almost stopping us out but somehow managed to bounce back hard yesterday!
Obviously many took profit on supply zone, we'll hold position for now since a falling wedge has been formed.

Trade closed: stop reached

SL hit with -48.25% and -1R

SmoothLovePotion was not able to keep up and retraced down to wedge support, that's too bad.
Still expecting a huge recovery at some point so we'll keep an eye on it for a buy back opportunity!

Comments
chfaiz0786
is this still valid?
chfaiz0786
@chfaiz0786, please reply me ?
TradingOn
@chfaiz0786, just saw your message, it surely is, bounced back right on time! 💪🏼
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