SLPUSDT BULLISH POTENTIAL REVERSAL > 0.4$

Hello Traders !

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- As we are trading SLP on 1D time chart we can see clearly the falling wedge pattern which started around 14 July creating lower lows and lower highs with a contracting range, also since we find that pattern in an downtrend we can positively speak about a potential bullish reversal ( downtrend is loosing momentum.

- Starting 19 September SLP price is acting inside a sideways trend ( consolidation phase trading within limited price ranges) , buyers are accumulating in this phase around 0.065$ ( support zone )and will try to push price forward above 0.10$.

-Volume is seeing more buying pressure and less selling pressure which indicate a positive sign for SLP .

- RSI is making his away above oversold zone 40>

- Stochastic is in oversold zone preparing for a bounce off.

- I am overall bullish despite AXS 800 MMR updates

Entry Position : 0.065$
S/L Position : 0.058$

TP1: 0.100$ TP2: 0.1350$ TP3 : 0.1700$ TP4: 0.200$

Good luck traders!