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Slpusd

SLP/USDT Main trend. 1 day timeframe. 4 GroupThe main trend. Timeframe 1 days. “Project” with a huge army of “disappointed”. The price drop by -96% since listing (the project is not old) since August. Now begins the phase of “return of faith”, you can potentially make money on it if you use your trading strategy correctly and comply with risk management. When working on coins like this, you should always remember, the creators don't care about their cryptocurrencies. Money from the air, any sale at any price is a profit for them. Unlike the duped sectarians who defend their stupidity in the first place, because not everyone is willing to admit it. Faith is a terrible force, it can both create and destroy, depending on which cranium it resides in. The idea of learning/trading in Russian explaining the process. SLP/USDT Psychology of “giving money away” behavior in the crypto market Overlaid on the graph is the psychology of the behavior of the sectarians of a given crypto coin (this coin as an example, there are hundreds of them). Wake up at last. The basis of making money in any market is not guessing to believe/disbelieve in speculative crypto, but who you are and, as a consequence, what market actions you generate according to your mind and experience. The foundation of your trading is your trading strategy and risk management based on your experience. Don't try to guess what you don't know. Don't inherit the majority of participants—market kamikaze (give in). Try to evolve and work by gaining relevant experience in what you didn't initially understand. Slowly but surely, day by day, become better than yesterday, leaving the millstone “experts” and anonymous “I know for sure” screamers.
by SpartaBTC
24
SLP BURN RATE INCREASEA few things to look at here on SLP. 1) Apparently there are going to be some new ways to burn the coin here soon within the game. This could be a very good sign for higher price action but until this happens, we still need to be cautious. I have noticed recently that the burn rate has increased and the mint rate is decreasing, but only marginally. 2) It looks like we are trying/have found support back at the green box I have mentioned in my previous posts. This is a good sign because it could indicate a double bottom and the last time we tested this box we had a decent move to the upside. This does NOT mean that we are going to break previous highs. As of now this is just a bounce. I have also adjusted this box to better fit the price action. 3) If we do find strong support here, it needs to shoot us above the previous highs as well as the ichimoku cloud on the daily. SLP has a relatively narrow window to do this as the ichimoku cloud is starting to widen again. A break above the cloud and a positive retest of it could indicate we are starting to form a new uptrend. We really need to see something like scenario 1 play out. 4) We are currently trading below a red spread on the daily chart EMA ribbon. It is worth a note the spread is relatively small so we shouldn't have too much of a problem breaking to the upside. If we cant manage to break it this could be very very bad as it will widen on the next move down, which would likely be scenario 2. 5) We are currently holding support from the .618 on the fib retracement. I'm relatively neutral on this but the burn rate mechanism implementation is likely to make the price go higher so i'm siding with the bulls on this one, as of now. As always this is not financial advice and always do your own research before entering the market.
Long
by MarketM8ker
4
SLP CRITICAL LEVEL HAS TO HOLD There are two scenarios I have outlined that could potentially happen in my opinion. 1) We really really REALLY need to hold this green box as support and break above previous highs so we can make our way out of the ichimoku cloud and start an actual uptrend. As of right now, SLP has been generally trading sideways for the most part. 2) If SLP manages to do this, we could very well see a move to around 6 cents. 3) We will need to break above the 200 day moving average (blue line) as well, which is pretty important for most cryptocurrencies. 4) If SLP breaks this green box of resistance to the downside, we could very well sweep the low again. 5) This is not financial advice and always do your own research before entering a trade.
by MarketM8ker
1