SLR/BTC has been very choppy but mostly sideways. On the daily chart it looks like it has been developing a rounded bottom. Today, it looks like it completed this bottom with a bullish breakout.
- The daily chart shows that price has been somewhat violent.
- There appeared to be intense resistance, shown by the long candlestick tails.
- This is until November when price was able to steadily climb above those candlestick tails.
- At this point, I think SLR/BTC is a candidate to buy-on-a-dip.
- Entry: 7805 satoshis
- Exit: 5730 (-26.59%)
- Target 1: 10000 (+28.12%)
- Target 2: 12000 (+53.75%)
- Target 3: 15000 (+92.18%)