SLPUSDT.P trade ideas
💥SLP CONSOLIDATION WITHIN 0.0168 & 0.0217 STILL ACTIVEPlease support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
Price has been in this range since 23rd February till date within $0.0168 & $0.0217. Price has tested this price level serving as support and resistance twice.
Price is approaching the support at $0.0168 to test it the 3rd time. The question on our mind is will price break this support or rise to the resistance zone at $0.0217.
There’s no answer to that yet. We need to wait for what price is going to do. Therefore, this is the possible direction to which it can follow.
What do you think?
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SLP will possibly go back to 0.0191SLP might go back to around 0.0184 if RSI breaks resistance. If not then it might dip further to 0.0170. If candle closes above 0.0184 then we might go higher back to the previous high which is 0.0191. I'm favorable on the bullish side due to the bullish butterfly pattern.
SLP may rally up to 570%After a swing failure pattern, SLP went into an 8 month long corrective wave pattern as you can see in the above given chart which ended with a 4x rally last month.
1) A daily close above 0.0195 can give you an entry.
2) A daily close below 0.01733 can get you out.
3) Stochastic has crossed up.
4) Accumulation and/or contraction zone is about reach a break point (based on volume)
5) Very high 24hr trading volume (see on CMC)
Targets can be seen as 0.618 the green box and further extension levels.
Trade Safe!
DYOR this is not a financial advice.
SLPUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 4-hour time frame. The price is ranging between the support and resistance zones. If it is supported here, the next target would be the resistance zone. For the price to go higher, it needs to break the first resistance zone and to go lower, it needs to break the support zone.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
SLP long position 🚀Based on the chart, the price is close to important support area and the trend line ✔️
if
the price breaks the red trend line to the upside, we will see more gain 🚀
and if
the price breaks the support area to the downside, we can see more gain from the green trend line 🚀🚀
our important support and resistance located on the chart ✔️
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
SLP USDT Ready????Hello EveryOne
Based on the chart
We are waiting for the confirmation candle with the closing of the Dodge candle in a 4-hour time frame
Only risky market conditions and the downward trend of bitcoin are an obstacle to the price growth of this token.
To confirm this first: the 50-100-day MA resistance in the 4-hour timeframe must be broken with certainty.
PLZ RDOR
With Hopping Your Success>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
SLPUSDT near major support zone and soon can pump As we said before the price is near Two major support zone here:
A. 0.017$ local support zone
B. 0.009$ daily low support
and if these support zones remain valid we can expect at least a local pump here like the green arrows mentioned on the chart.
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SLP 4H Analysis🟢 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 Amirhossein
📆0.3.05.2022