Smooth Love Potion #SLP $SLP (Jul-18)SLP is moving in a Symmetrical Triangle pattern and on July 13 it made a False Break, which is a sign that a breakout from the pattern on the upper edge is very likely.
We can start accumulating SLP around $0.004 and wait for a strong rally at the end of July. The $0.006-0.0065 zone is the strongest resistance area that we need to pay special attention to. As long as it breaks through this zone, SLP will have very strong rallies.
However, if SLP loses the $0.004 zone and breaks the lower edge of this Symmetrical Triangle pattern, we can wait to buy it back at the $0.003 zone for a recovery and it can fall sharply to the $0.002 zone to end the grand downtrend there.
SLPUSDT trade ideas
SLPUSDTHi again
There is a possibility that the price can raise itself up to the yellow area, $0.00414!
1) We must not forget that the price range of $0.00358 in the daily time frame has been engulfed!
2) On the other hand, RSI has a positive divergence in the daily time frame!
3) Currently, in the one-hour time frame, the price inside a pattern is a triangle!
Do you think the downward trend line will break upwards!!?!!
I believe that according to the drawn scenario, we will have a downward trend up to the range of $0.00341, and if the price does not fall below the yellow range ($0.00319), there is a possibility of completing a wedge at the end of the descending channel.
SLP trend lines#SLP/USDT
$SLP trend lines show price is above short term trend line, that act of it as support didn't work well before.
so price possible to drop to support zone around $0.0032.
if price could have hold this zone as support a new rally will be start a new rally to $0.005.
and break down below $0.003 will drop price to $0.0015
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.
SLPUSDT (3) in IAfter xxx correction, we observe a five-wave bearish impulse. The current situation looks like the development of the 3rd wave in the 1st wave of the higher order. We are monitoring the situation and will speculatively look for entry points into longs with a minimum volume of 0.43-0.45, and then entry points into shorts 0.5-0.53. Risk/reward as always 3 to 1.
0.001 to 0.002 by July -Over inflation and losing DAU every weekSee by the graph we are approaching 0.001 to 0.002 by July.
Player numbers are down to 580k and losing around half a million per month or approx 100k per week.
There is no money to earn playing the game so it is just for fun now.
Inflation is 20:1 on SLP token which is approx minting 30M to 3M which is 10 to 1 ratio. That ratio of inflation is unsustainable in any system.
The game was profitable at the start but not it relies on new players to join to prevent it going down and also needs to control inflation at over 10 to 1 which is impossible and there is no solution.
On top of that the Ronin bridge will open and the treasury might be emptied out with withdrawals after the $600M hack but we will need to see more later.
DYOR
SLPUSD TREND ANALYSISBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
This is just idea, not trading advice, use at own risk.
reasons:
It is recommended to buy in this price limit
It is mandatory to pay attention to the stop loss and the target marked on the chart
Do not be greedy and adhere to the specified principles. I hope you will be profitable
Note that there is no 100% analysis and it is possible to stop flirting
This is a personal analysis and you should not enter into a transaction without review
If you know this, make a purchase
Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction.
High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking.
. Also, the principles of priceaction have been used.
SLPUSDT has got rejected from a major support zone 0.00400
SLPUSDT has got rejected from a major support zone at 0.00400. The price has been moving down for a long time but as we see it was able to break the bearish trend line. On the lower time frame we can see that the price has formed a triangle and it has already got out of the triangle. We can expect that the price continues to go higher to 0.00825
💎 SLPUSDT
🔵 Entry zone 0.00575 -0.00673
🟢 TP1 0.00825
🟢 TP2 0.01165
🟢 TP3 0.01555
🔴 SL 0.00390
Good Luck 🎲
Slp 0.0026 or 0.0500Everyone bought SLP 0.06XX OR 0.03XX range area. People are desperate and hopeless. There is no real technical analysis for this token. Because there is no solid evidence for trend.
THERE 2 WAY OUT.
1- IF AXIE GUYS HAS A PLAN, SLP WOULD JUMP, I BET THEY HAVE CAUSE THEY LOOK SMART.
2- IF AXIE GUYS CONTINUE TO THINK ABOUT HELP THE WORLD RATHER THAN THEIR TOKEN, SLP GO TO HELL.
-THE PRICE WOULD GO
- 0.0026
OR
- 0.0500
NOTHING MORE AS A PROFESSIONAL.