ANALYSIS 🔎
- SLP /USDT is testing the all time low support level.
- The market is bounded in the falling wedge pattern.
- The falling wedge pattern is a bullish reversal pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the falling wedge's resistance (@0.1683).
- Limit entry: possible retest of falling wedge's resistance horizontal support level (@0.1283)
TARGETS 🎯
- Horizontal resistance level (@0.1683)
- Horizontal resistance level (@0.2274).
- Horizontal resistance level (@0.3489).
- Horizontal resistance level (@0.4100).
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the falling wedge's support.
- Final invalidation: breakdown below all time low support level.
- SLP /USDT is testing the all time low support level.
- The market is bounded in the falling wedge pattern.
- The falling wedge pattern is a bullish reversal pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the falling wedge's resistance (@0.1683).
- Limit entry: possible retest of falling wedge's resistance horizontal support level (@0.1283)
TARGETS 🎯
- Horizontal resistance level (@0.1683)
- Horizontal resistance level (@0.2274).
- Horizontal resistance level (@0.3489).
- Horizontal resistance level (@0.4100).
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the falling wedge's support.
- Final invalidation: breakdown below all time low support level.
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.