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Slpusdt

SLP/USDT { SMOOTH LOVE POTION } - BULLISH SETUPANALYSIS 🔎 - SLP/USDT hit a swing high and retraced. - Price is retesting the key fibonacci retracement zone ( 0.5 - 0.618 - 0.786 ) and the horizontal support level. - There's a potential for the formation of the inverse head and shoulders pattern. BUY ENTRY ⬆️ - Aggressive entry: the key fibonacci retracement zone ( 0.5 - 0.618 - 0.786 ). - Conservative entry: breakout above the inverse head and shoulder's neckline resistance. TARGETS 🎯 - Fibonacci extension levels. SETUP INVALIDATION ❌ - Initial invalidation: breakdown below the 0.786 fibonacci retracement level. - Final invalidation: breakdown below the horizontal support level (@0.1283).
Long
by Chibuike_Odoh
A closer look at SLP's Correction CountNo matter how much technicals show us that we are bullish, SLP's current economic conditions of supply and demand come to the detriment of any chart analysis. The price has continued to stay in a corrective pattern. With elliot waves count, this should indicate a near end to this ongoing correction. Rsi and Stoch RSI are both showing oversold on 1h and 4h, while macd is just consolidating. However this is all null due to SLP being produced at rates of 2.5x + than being burned. The only thing that would save this downward trajectory is from Developer interference by increasing SLP required to breed, or any other SLP burning mechanism. Price is hitting a big support area for now, Any price action below 0.1450 and we turn into really bearish territory in terms of price trend analysis. There is no reason to be holding SLP right now, so anyone who gets it in their hands is usually instantly selling for cash rather than breeding. All this contributes to the downward trend. Can investor's, speculators, or traders be buying here at this point? Maybe, the chart is right, but for what reason? There is really no incentive. If for some reason we end up getting an upward trajectory in price, we would have to break 18c again to mark as an end to the downtrend. Good luck and Good day
by LukeDalli
9
SLPUSDT Technical Analysis Welcome back Traders, Investors, and Community! SLPUSDT on H4 has broken above the triangle and is going for the retest. After a successful retest it will go up. ⬆️Buy now or Buy at 0.15 ⭕️SL @ 0.26 ✅TP1 @ 0.17 ✅TP2 @ 0.176 ✅TP3 @ 0.183 ✅TP4 @ 0.20 ✅TP5 @ 0.22 ✅TP6 @ 0.23 ✅TP7 @ 0.25 Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a Profitable Day
Long
by Fibonacci-Signals
SLP - Updated Chart SLP = A great learning experience for me. I have been trying to learn patience and just back my initial decision. I don't have a large account - I'm just learning and enjoying the community. Anyway - Since the last update! I have been able to set my stop loss now allowing me to break even with enough room for take profit. No notification of being stopped out is good news. I still have been checking every couple of hours - only to adjust my stop. I don't change my Take Profit - It's nice to be up and safe.
Long
by HiHoCrypto
SLP - Updated Chart.New Draw Up for questions around SLP. Draw Up -1 Hour Chart 50.493 RSI Stoch RSI - Just about to cross signal (14,14,3,3).76-79 Keep an eye on the 50-day moving average. 4hr Chart - figures at the time of writing. 42.2 RSI Stoch RSI - (14,14,3,3). Just crossed back over signal 61 - 57 I left indicators there just to show what I normally work with but feel free to ignore them. All of the @PhoenixBinary Indicators are free and really helpful to double-check that entry. I use these indicators as they are easy to use and freely accessible. I am not profiting from this at all. Indicators are also not crystal balls - use them to confirm your entry not base entry on them. Tips - I try to keep it simple. Happy trading.
by HiHoCrypto