NOT A TRIANGLE : Update

١ سبتمبر ٢٠٢١

Here are my thoughts:

• On previous posts it was mentioned that SLP wasn't forming any triangle formation.
  
  
• After that, when prices went lower, I entered on a support and got stopped.
  
  
• For now, it seems that SLP is still struggling but it is near strong support area.
  
  
• I updated the descending Log channel to the new data.
  
  
• Right now, this is a good area to start with really small positions and dollar cost average.
  
  
• I am not expecting SLP to go lower than 0.1 usd, so it is a safe area for long term holders.
  
  
• For swing traders, wait for bottoming formation first.
  
  
  Follow for more updates.