TradingView
bitmoey
Oct 30, 2021 11:26 PM

SLP is under the accumulation stage 

SLP / TetherUSBinance

Description

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.
Comments
adamicius
One of the good SLP analysis out of the many I've seen! In heavily so watching your chart is a great map...
More