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Edwin_J7
Mar 24, 2022 8:24 AM

SLPUSDT Long Scenario Long

SLP / TetherUSBinance

Description

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? :)
Comments
tianle03
best strategy here is hold, no guaranteed it would back to .0190 or .020
Sawyer170
probably ape coin attention brought attention to how cheap leading nft coins are like axie and this is related to axie. plus the recovery is starting in the stock market.
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