Based on what I said about latest surprise move by Bitcoin, SLP/USDT broke below the trendline I discussed lately. Because of that, I decided to sell 0.25 of SLP tokens.
Although SLP has bounced sharply from 0.618 Fibonacci level, I expect a retest of $0.0170 which lies around 0.786 Fibonacci level. However, if and only if SLP/USDT breaks above the trendline again, I would re-enter on pullback.
What do you think about SLP/USDT? Let me know in comments section.
By the way, my analysis about Bitcoin is linked below, please check that out.
Although SLP has bounced sharply from 0.618 Fibonacci level, I expect a retest of $0.0170 which lies around 0.786 Fibonacci level. However, if and only if SLP/USDT breaks above the trendline again, I would re-enter on pullback.
What do you think about SLP/USDT? Let me know in comments section.
By the way, my analysis about Bitcoin is linked below, please check that out.
