$SLN rising parallel channelprice has broken out of the previously forcasted wedge, found support at the 4hr bottom band, and rose to form a parallel channel. will be interesting to see how this plays out the next week or so. good long entry at bottom of channel, good short if breaks below, good long if we break the top of the channel.
SLN
Smart Layer Network (SLN)Smart Layer Network (SLN) is a novel blockchain platform that aims to optimize layer-2 solutions for various blockchains, enhancing scalability and transaction speeds while reducing costs. By focusing on interoperability and user-friendliness, SLN seeks to streamline blockchain adoption and improve the efficiency of decentralized applications (DApps).
The current price of Smart Layer Network (SLN) is $2.00 with a 24-hour trading volume of $600,000. SLN has experienced a growth of 10% in the last 24 hours, reflecting a positive trend and investor confidence in its layer-2 scaling solutions.
Considering Smart Layer Network’s role in improving blockchain scalability and its recent positive market momentum, the next price targets for SLN could be set at $3.15, $4.20, and $4.90. Investors may want to consider entering a position at the current price. This trading idea is based on the anticipated demand for efficient and cost-effective scaling solutions, with Smart Layer Network well-positioned to capitalize on this need in the blockchain ecosystem.
SLB a rising biotechology stock LONGSLN has appreciated 70% in the past month largly on the strength of an
earnings beat. Unlike many small cap biotechnology companies, SLN is
actually making money and beating analyst's estimates. On the 3O minute
chart, price is just below the POC line of the near term volume profile and
sitting on the dynamic support of a VWAP line. Strength lines are above 50
and the low time frame green line is above its counterpart. Ovreall, I see
SLN rising more after a little more consolidation. I will enter a long trade
with a buy stop at 9.18 to catch a trade when price crosses over the POC line,
I will set the stop loss at 9.14 below that line and target both 20% and
30% ROI in equal halves of the position.