SLP – Potential Bullish Reversal!
SLP / TetherUS BINANCE:SLPUSDT
Hello everyone, if you like the idea, do not forget to support with a like and follow.
SLP is approaching a strong demand zone and round number 0.01 so we will be looking for buy setups.
on H4: SLP is forming an inverse head and shoulders pattern but it is not ready to go yet (still an idea)
Trigger => Waiting for the right shoulder to form and then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, SLP would be overall bearish can still trade lower to test the green demand.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
