CRYPTO - SLP - Oversold. Buying interest increasing. Get long
CRYPTO - SLP - In July 2021 SLP went overbought and started a large sell off. It has been sold off aggressively since. On 21 Sep it went oversold. This is what caught my attention. There are two large green candles that have large volumes which shows interest is there. The selling pressure is weakening which you can see in the rising RSI. STO is falling to lows and looks ready to bounce. Time to get long again. Current price 0.071 with target 0.109.
Volume is tapering off after the large increase which shows sellers falling away.
RSI - Increasing on new lows so selling pressure is weakening
STO - Fast STO is at 7 so time to head back up again.
Target 1 = 0.109
Stop Loss = 0.058
Volume is tapering off after the large increase which shows sellers falling away.
RSI - Increasing on new lows so selling pressure is weakening
STO - Fast STO is at 7 so time to head back up again.
Target 1 = 0.109
Stop Loss = 0.058
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