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SLPUSDT trade ideas

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
SLPInteresting $SLP chart. 100% move in the past 26Hrs... Im imagining the same break&retest structure in the previous yellow sphere. @ Current price it would be a 200% move to retest the last support --> resistance level. No narritive behind this other than the technical aspect. SLP is an inflationary token and supply will rise = lowering demand (price). However, Market Manipulators could see this as an opportunity to pump price, have plebs see an extremely low value/cheap altcoin that can potentially "make new ATHs" then dump on their head as people catch knifes like the last phase of this chart (Nov 21' - Feb 22'). There is opportunity in that. NFA
by N0ST0PL0SS
1
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 PetrockTheAnalyst
3
SLPUSDT Analysis 272022We are becoming Bullish on Smooth Love Potion, SLP . Two BUY signals is a good sign of Bullish price movement. The Horizontal Support Line at ($0.01) was been established and we are bouncing off. The Daily Down Trend Line was broken and we see if we finalize an Open/Close today. We will place a 50% BUY with these signals from the Engineer. We have some profit taking tiers shown on the chart (150%, 450%, and 3300%)! Not too bad if we get back to an ATH in the next couple months...
Long
by tradinggrey
1