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Slpusdt

SLP trading ideaIt's been probably 1.5 year + since I made trading analysis on $slp $eth trading pair. Now I am back. SLP is impossible to chart. Why? Because Its highly inflationary and currency is meant to be a reward for $AXS game players. Because of it's super inflationary nature #slp shouldn't be held LONG term ...unless something changes on its fundamental level. This is trading channel. Could fall to 0.005$ or rise to 0.012 or even above 0.02$ per $slp. Who knows. This shitcoin that shouldn't even be traded on such exchanges as #binance, #bitstamp or any other reputable exchange in fact. It's not fair to noobs (or anyone in that matter). 98% loss within half a year???
by Aborangin
5
SLPUSDT in a Nut ShellSLPUSDT or SLP in general has been notorious online for the past couple of days due to its continuous downtrend; however, with the new updates coming up it is currently under going a pump. With today's candle (02/08/2022), we should look at it as a point of reversal for a bearish trend. It is possible, but we need to take into consideration the divergences. As seen in the Stochastic RSI and the chart itself, SLP is no where near losing its current momentum as the volume also increases along with the uptrend in price. How far do you think SLP will go? We can see the price going up to 0.044 and should that break, then it can resume its momentum from prices 0.095 to 0.1216 which also serve as its PRZ or point of reversal zone. This is a very important zone because this will be the area for another major correction for SLP. In the future, I can personally see this forming a double bottom but due to lack of data, we can never really tell. For now, let us all enjoy the ride to 0.044 and let's see if a bearish (strong one) will lead for it to go down another correction. Disclaimer: This is for educational purposes only.
Long
by TokieTV
4
Will SLP go higher?From last analysis I entered at 0.018 and had a 5% stop loss as there was a possibility it was the bottom. But I was stopped out 😔as SLP went further down towards 0.01 and eventually bounced upwards at 0.088. I managed to opened a new position at 0.0111 and now in nice profit. SLP may range for a while at the current level 0.018 as it did previously before going higher. I am hodling for now as SLP is showing good momentum to go even higher, adjusting stop loss as it climbs. Strong previous support in red line is now a major resistance where I expect a pullback. May sell at the resistance and buy back at pullback expecting it to go higher. Fundamentals of SLP has also been improved very recently with Axie Infinity team updates to burning rates and minting. Coupled this with current reversal of BTC, SLP could well make 3-5x in the next few weeks. If we're lucky we might even see SLP visit the previous ATH which is 40x from bottom. DYOR!
Long
by abuzax
4
💥SLP CHANNEL BREAKOUT- TARGET @ $0.017Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ This is a short term signal. Slp broke out from the descending channel. The next available resistance zone is $0.017. If price should break this resistance zone upward, the next target will be $0.02. But if it doesn’t break the resistance at $0.017, we may have a pullback What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on SMOOTH LOVE POTION (SLPUSDT ) 🤗 Happy Trading💰🥳🤗
Long
by PetrockFxTrading
3
Is this a true reversal for SLPUSDT?Hello SLP believers. You see that blue triangle? It is a reversal signal, and we hope that it persists. If you want to trade this, still be careful and set a stop loss because sometimes, when everyone is bullish due to this slight pump, rekt happens. Overall, I’m glad that SLP is improving. Ignore the whiners, controlling the supply of SLP is a good thing. If you get 10 slp per game and 1slp = 1usd is the rate, you would be happy right? So yeah.
Long
by Trader_Maestro
1
Axie Pulls Their Economic Levers with Season 20As stated in my prior idea, the fundamentals will drive this train. The double edged sword has cut in SLP holders direction. With season 20 came some rather hard economic lever pulls. Full article here: (um, actually I don't have a Pro account, so no link, but its the Feb 3 update on Axie's Substack) TL:DR Axie has cut SLP adventure mode rewards and daily quest reward COMPLETELY. Leaderboard slots for PvP has been increased to 300,000 with a total winning pool of 117,676 AXS up for grabs (this should increase breading as more user devolop teams). The SLP tap hasn't turned down a rather substantial amount. BONUS: They even discuss other future burn mechanisms like IN GAME SHOPS, PART UPGRADES AND OTHER COSMETICS. Wow, I don't think I've ever guessed something so accurately (I discussed these mechanics in my other idea on SLP). Disclaimer: I didn't catch the bottom on SLP, nor do I have fat stacks of SLP. Sub 100k SLP at an average of .03$. I have not paid close attention to SLP or Axie in the past couple weeks. At any moment (but from the looks of it, only during new seasons) Axie can flip another switch, and the story on SLP completely changes. As it currently seems, Axie is HIGHLY aware of their games current economic fragility, and won't do anything to cause further inflationary pressures.
by Jiffydude
1
SLP Pump? After Season20 announcedOne of hardest crypto to do Technical Analysis is SLP. Due to millions of token mined everyday due to its games. But yesterday announcement makes this coin pump. Less SLP to be mined, no more rewards in Adventure. axie.substack.com Now based on Technical Analysis and previous TA, the bottom of this is .010 which is reached. There is a valid bullish Divergence. There is a break of structure in Higher High which signifies a Bullish Trend in Smart Money Trading. Lets see how long will it pump and is this a valid retracement going on. Im bullish now on this coin.
Long
by ridenz77
4
AxieInfinity | Smooth Love Potion $SLP Technical Analysis: RSI(14) 28.4920 BEARISH (OVERSOLD) Moving Averages = bearish side Resistance 2: 0.02 Support 2: 0.009 Upcoming S20 & Economic Balancing Adjustments Volume = no demand x a lot of supply = price tends to fall The supply of SLP will inflate in future. Let's not forget that Axie ain't the same like it was before. Since axie price drops, more investors = more supply of SLP. - SLP did that before from 150 SLP (adventure and daily quest) to 75, it's just the same it goes down. We are more in the community now. We are minting slp way more than it is supposed to burn. Having good tokenomics and burning mechanism is the key. Hopefully this fusion is one of the key burning mechanism. 31 billion circulating slp, If no one is willing to burn their slp then slp pumping is not possible. Curious for your thoughts on $SLP and Axie Infinity updates. 👾👾
by wingsicarus
2
Traders VS Bots (SLP) Check the Price action of the candlesHi, Sadly its the truth that SLP is being SHORTED By BOTS All the time. I dont know who.. but well its a massive down trend and has not even broke the trend.. Even at elliott wave counts it is in wave 4 which may make believe of many people that its sky rocketing. But i believe it willdo another dump soon because there are so many shorts out there for this liable token. If you can observe properly the size and price action of the candle its way to different if you look it at any other assets which have real trader candles VS this BOTS traders (SHORTS) perhaps its JIHOZ whos shorting this? or the SkyM___ Company? Who KNOWS. I just hated them for doing it. Its even clear in a 1HR TIme frame. (usually youll see this at below 5mins for a trading bot chart but for SLP its even clear in a 1 hr TF. This shows that its really going DOWN #slp
by EpicM