Seems like slp getting Ready For Another Bulish Impulse
Forming Bulish Pennant In H8 Timeframe Incase Of Breakout Expecting 40 to 45% Bullish Move
Keep Eyes On Slp For Breakout
#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 Have many bad news in market
1st: A hacker stole $625 million from the blockchain behind NFT game Axie Infinity
2nd: Axie Infinity Was Losing Player Count Even Before the Crypto Hack
And Many Other Bad News If SLP Can't Gain The Reputation Now Then SLP Will Lost Everything & Everyone Lost Everything. Already Many People Lost Their Money in this...
Not much has changed since I posted about SLP a few days ago. I have linked my previous post below as everything within it is still relevant in my opinion.
Take this into consideration:
1) SLP has now flipped the green box I had from support to resistance, so I have changed it to red in color indicating a zone of resistance.
2) The longer we hang out below...
🟢 SLP is trying to break the descending trend line. If SLP is able to break above $0.02 and Close above EMA 200 then It will move towards the upper resistance of $0.0225-$0.023 area. The support level remains the same. Wait for a breakout or rejection before opening a new trade. Use proper stop in all your trades.
⚠ This Analysis Will be Updated.
✍ Analyzed by...
75% up till last From my analysis as discussed out there. Now put trailing stop-loss or out completely from trade. And wait for solid entry back at 0.028 level and 0.23 fib level.
We, like probably many of you, wanted to make money on speculation with SLP token, but as a result we became invested hostages.
Because we don't play a game where this token could be used, the maximum we can squeeze out of this investment is passive income by transferring tokens for staking.
The first wave of hype for gaming tokens has passed, and now there is...
After creating a falling wedge few days back, SLP is not trying to break resistance and hopefully breakout to the upside again.
share your insights if you like. thanks!
Smooth love potion has been in a 6 week decline, but volumes in the past week have begun to increase with investors paying attention to it, which is the first sign of potential swing trade. Now looking for further signs of confirmation
Positives:
It appears to have found a local demand level around 0.06, has bottomed on this zone a few times
Price trend has...
Here is the weekly time frame chart of the SLPUSDT pair
Five weeks in a row, the SLP price was falling without a break, but the trading volumes were growing. That is, the coin is interesting for users, there was interest in it, but it's just not the right time for it to grow.
And now the sixth week is coming, during which the buyers began to act and aggressively...
