SLP bullish divergence on market cipher
I was bullish on AXS and SAND months ago but it feels too risky and late to jump now on either of them.
Whereas SLP bullish MC divergence is showing us that it might have already found a bottom at 0.06 and looks pretty much ready for a reversal to the upside.
This could be a great opportunity to enter with a DCA or grid bot.
Grid bot could range similarly to the long position shown in the chart.
Even an infinity grid could work.
The opportunity is a 500% upside vs a potential drop 50% so risk reward is 10 to 1, much more attractive than trading AXS but at the same much more risky.
I will go with a position below 1% of the capital using a DCA bot.
Whereas SLP bullish MC divergence is showing us that it might have already found a bottom at 0.06 and looks pretty much ready for a reversal to the upside.
This could be a great opportunity to enter with a DCA or grid bot.
Grid bot could range similarly to the long position shown in the chart.
Even an infinity grid could work.
The opportunity is a 500% upside vs a potential drop 50% so risk reward is 10 to 1, much more attractive than trading AXS but at the same much more risky.
I will go with a position below 1% of the capital using a DCA bot.
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thetradingparrot.com
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