SLP ready for a wave up?

23 พ.ย. 2021

Been watching this one for a while and it's now slowly dying. It's waiting for a burn mechanic in Axie Infinity.
Recent spikes have been aggressive (80% in a day) and this setups can easily be attained.

There are also bullish divergences on multiple timeframes.
This setup offers a 3:1 RR and could also be transitioned into a swing trade as I believe that the recent highs of 40 cents will be taken out.

25 พ.ย. 2021

บันทึกช่วยจำ

Taking it's time but I'm still bullish on this coin.

8 ธ.ค. 2021

บันทึกช่วยจำ

SLP got destroyed.
The good news is that Axie finally implemented a bigger SLP burn mechanic.

I want to see bullish market structure from now on otherwise it will die