MyCryptoParadise_Nathan

SLPUSDT: Key Signs to Watch in the Support Area!

BINANCE:SLPUSDT   SLP / TetherUS
πŸ’Ž Paradisers, #SLPUSDT has broken out of a triangle pattern and shown a Change of Character (CHoCH) towards the bullish market structure.

πŸ’Ž Currently, if #SLP displays an Internal Change of Character (I-CHoCH) from the support area and Fair Value Gap (FVG), it will be considered a bullish sign, increasing the likelihood of a bullish move.

πŸ’Ž In the case of a pullback, we can expect a bounce from the demand level, but remember, we need to see bullish signs here too before considering an entry.

πŸ’Ž However, if there is a breakdown and a candle closes below the demand level, it will invalidate our entire bullish idea. In that case, it would be better to disregard this setup and wait for more favorable price action to develop.

MyCryptoParadise
iFeel the success🌴
Trade closed: target reached:
πŸ’ŽBingo! #SLPUSDT has beautifully achieved our target of 27.15% from the FVG area.

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