SLPUSDT trade ideas
SLP - no price action-Still to dumping-Let Jump in depression Haha Who dont know this old girl. It seems to get good health for um word rally in this last leg of bull. I am going to put a very small portfolio pat into it and will forget it for 2 to 5 months. Expecting a profit of 2 to 5x in the short mid-term and if not successful then also I don't mind losing that small part of the portfolio.
Let's catch the fear with me ...... #SHITCOIN.
SLPUSDT after hard fall we can expect a local pump hereThe first support zone considered for the price is 0.020$--0.025$and after that near 0.011$ we can expect another support zone and if these supports remain valid we can expect a rise for a price like green arrows on the chart.
targets and local resistance are also mentioned on the chart and the pump can start after breaking major resistance that is black trendline.
DISCLAIMER: ((trade based on your own decision ))
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Bullish Divergence for SLPAnother Bullish Divergence in SLP, is this what we are waiting for? for this kind of coin (which the earning coin in NFT games AXIE) we need to have a great news and fundamental analysis to support the pump. Lets see if this TA works since this is the lowest price of SLP since ATH
SLP infinite descentit seems that the depreciation of SLP does not find an end, a first positive sign of reversal of the negative trend could be the upward break of the negative dynamic trend line (in red) but for now no sign of recovery, I have also marked the resistance levels more significant, the first important level in area 055
Smooth Love Potion (SLP) Another Longest ChannelHi dear friends, hope you are well and welcome to the new trade setup of Smooth Love Potion ( SLP ) token.
Down channel formation:
Since the 1st week of Nov, SLP is moving in a long-term down channel. Recently it found new support at $0.03 but broke it down. For any big move, priceline needs to breakout 1st this channel and then there is key resistance at $0.06. There is also 100 simple moving average resistance at almost $0.06.
Previous channel:
There was also such a long channel fromed from 1st week of Aug to the 1st week of Oct 2021. When SLP broke out the channel then it was rejected by 100 SMA resistance.
Key resistance:
As we have discussed above that for any big move 1st priceline needs to break out the channel and then a key resistance of $0.06 because this key resistance has been working as very strong support. Therefore it can work as very strong resistance as well.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Never invest hard earned money based on social media influencersThese days there are a lot of social media influencers, to be honest most of them do not know about the Crypto fundamentals and what is the tech behind this and how things work in the long time.
For an example,
If an influencer says to buy and hold SLP token from Axie Infinity for long term, you need to instantly block them, because they do not even know the different types of token and are just misleading people. In this case, SLP is a utility/commodity token with infinite supply, as the number of players increases, more SLP will be minted hence price will go down, given that this game has no good burn mechanism. Such influnecers will come up with a drawing of new trend lines every day, and say the coin is in downtrends, but these trend lines have no impact on utility/commodity tokens. They depend upon the tokenomics.
What I want to say is -- Never trust blindly any Social Media Influencer for your hard earned money! Always have curiosity to learn more and develop a trading system that works for you best.
Give this new year a new start!
Creative technical reviewThis is a technical review and does not take into account the objectives of the project ........ But I believe in this statement: Important news comes at important technical times So these days you hear negative and bad news about this currency to provide the necessary time for organizations to collect and buy...And that's when the good news comes at the good technical point ........Patience in buying is the most important principle.....
SLP UpdateSLP is still in buying situation....
The crypto conditions to day is very slow but when it gets bullish SLP will move very fast as you think
You can take your profits in green lines
It is in the lowest price todays
""" It is just my technical analystic view and it is not a signal """"
""" Analyse it by yourself an do what you should do """
SLPUSDT price had deep fall and we can expect rise now we had deep fall for price and each time it started a local pump that ends with a dump and the price now is near strong support zones.
we can expect 0.02$--0.03$ as good support for price and now the price is toching the support zone.
and as we said for confirmation of the pump we need a black trendline break and price go above this trendline.
DISCLAIMER: ((trade based on your own decision ))
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SLP/usdtsomeone asked me about SLP. to be honest, this chart looks bad but I think the sellers are already gone. I personally would not sell anything but buy more. But this chart needs time.So far, it's a clean down trend. This coin is -93% from the top. My opinion is to buy and hodl.I don't know if I helped but I can't say more.Not finacial advice.