SLP/USDT { SMOOTH LOVE POTION } - BULLISH SETUP

ANALYSIS 🔎
- SLP/USDT was bounded in the falling wedge pattern.
- The falling wedge pattern is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance as expected.
- This is a bullish signal.
- There's a potential formation of the double bottom pattern.
- A double bottom pattern is also a bullish reversal pattern.

BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the double bottom neckline resistance level (@0.1683).
- Limit entry: possible retest of the double bottom horizontal support level (@0.1283)

TARGETS 🎯
- Horizontal resistance level (@0.1785)
- Horizontal resistance level (@0.2274).
- Horizontal resistance level (@0.3489).
- Horizontal resistance level (@0.4100).

SETUP INVALIDATION ❌
- Breakdown below the double bottom horizontal support level (@0.1283)