SLPUSDT Support Levels: 0.001650 (recent low, first target for a drop).
0.001004 (deeper support, longer-term target).
Resistance: 0.002696 (recent high, potential stop loss level).
Trade Setup:
Target 1: 0.001650 (short-term, ~25% drop).
Target 2: 0.001004 (long-term, ~50% drop if bearish trend strengthens).
Stop Loss: 0.002696 (above recent high, ~25% above current price).
RSI Analysis: The RSI shows a bullish divergence (price making lower lows while RSI makes higher lows), suggesting potential upward momentum. Current RSI is around 69.70, nearing overbought territory (>70), so caution is advised.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.