Technical analysis by MMBTtrader about Symbol SLP: Buy recommendation (1/6/2026)

Market Analysis: Breakout Confirmation & Reversal Thesis The technical structure has undergone a significant shift. As observed, the major resistance on the daily timeframe has now been decisively broken. The preceding move to a new All-Time Low (ATL) is now interpreted as a conclusive liquidity sweep and stop-hunting event. This action likely flushed out weak longs and trapped overly eager shorts, creating a vacuum for a powerful reversal. With this validated breakout from a major compression zone and the likely exhaustion of sell-side liquidity, the conditions are set for a strong counter-trend rally. The measured move from the breakout point suggests a technical objective with a potential magnitude of +300% is now in play, targeting the next major resistance confluence. DISCLAIMER: ((trade based on your own decision)) <