weslad

SLPUSDT What next after hitting this important resistance?

Long
weslad Updated   
BINANCE:SLPUSDT   SLP / TetherUS
We spotted potential falling wedge formation on SLP and price just tested out the upper trendline and got rejected.

Our focus is on 38.2% fib ret level from the previous ATH to the current ATL.

If price manage to surpass this level then our target is 61.8% level which is tagged as CRUCIAL resistance zone.

But if price give more buyer opportunity, then we can have a sharp decline from 38.2% level to where we have AOI level for re-loading of Longs positions.
Trade active
Comment:
Price is finally at the expected area of interest zone. Serious accumulations is going on here. Do make sure to pick and load your bags here.

Trade active:
Our bags are fully and heavily loaded.

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