$SLP just pumped hard… but I’m not fully convinced yet


Yeah the move looks strong, but if you look closely, it already faced rejection near the top and now it’s just moving sideways. That usually means the market is deciding what to do next.
Right now it’s sitting under resistance around 0.00085–0.00090. If it can’t break this properly, there’s a high chance we see a pullback from here.
I’ve seen this many times — people start chasing after the pump, and that’s exactly where the move slows down.#WCTCTradingKingPK #
SLP5.71%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin