SLPUSDT Good buy opportunity

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For this particular analysis on Smooth Love Potion we are using the SLPUSDT symbol on the OKX exchange.
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The idea is on the 1D time-frame where SLP has been trading within a Channel Down since the May 12 Low. Yesterday's 1D green candle was made exactly at the bottom (Lower Lows trend-line) of this long-term Channel Down pattern. With the STOCH RSI making a Bullish Cross, it is quite likely that we will repeat a rebound similar to the previous Lower Low on June 18. What could make a difference this time is that the 1D MA200 (orange trend-line) is dropping rapidly and that should be the medium-term target. Any break above the Channel would be a bullish extension.




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