Smooth Love Potion (SLP) - health report on the 4HA few days ago I posted about an SLP swing trade, yesterday we saw SLP make a breakout. Time for a health report on the 4H.
Positives:
OBV is above key level and trending positively
OBV Bullish divergence in the last 24hrs
RSI hidden Bullish divergence signaling a continuation of up
RSI on trend and resetting above 50
Price is retesting and resetting on last swing high before breakout on the 4H, very healthy sign if it holds at the close of this candle
Might still be an opportunity to enter this trade on successful retest. Look for buy setups on lower time frames
Obviously want to get in as close to that swing high level as possible, and set a tight stop loss. BTC is at resistance, and market could take a down turn.
Hard to tell how SLP will react (particularly with SHIB stealing some attention)
Looking long, feeling good so far
SLP
Smooth Love Potion (SLP) - potential reversal swing tradeSmooth 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 been broken and is holding stronger than previous breaks
MACD momentum is shifting in positive direction on D
RSI is attempting to break above trend, plus making a promising higher low. Also signalling a possible trend above the RSI 50 once again
Good volumes at possible bottom
Negatives:
OBV is still a red flag - I don't like to trade against OBV as it is a clear sign of investor confidence, but this could shift rapidly on the 4hr
Super bearish, can continue to trade lower and lower
Highly volatile, high risk high reward
I will looking for a strong close above the last swing high on the 4hr as marked on the chart, then looking for buy setups on lower time frames on retest
There is not much in the way of resistance for SLP, key levels I see are marked on the chart. But it could run quickly once it gets away
Highly volatile so trade this one safely. I will be providing updates on lower time frames to watch for health of any possible breakout
SLP COIN MAY PRODUCE A RALLY IN OCTOBERHI,
I hope you guys are doing good. SLP COIN has corrected almost 100%. I see this coin has a lot of cover to the upside to fill that imbalances on the charts. I see a rally in SLP in October or late November.
I'm accumulating this coin because it has potential of hit back into $0.22.
Mind you these coins are not for heavy buys but if it breaks out of that break I showed in the chart we can see at least 300-400% rally from this coin.
Keep an eye on SLP AND AXS.
All the best
SLP USDT LONG POSITION #SLPUSDT Update:
$SLP currently trading at $0.0944
SLP broke the trendline right now.
MACD prof the bullish trend(power of buyers is more than sellers).
TSI prof ...
Ichi (4h) is ok ...
So what now..?
My Levels:
SPOT
LEERAGE:1
entery points: 0.0944$______0.0884$
targets:0.1033$_____0.1191$_____0.1229$_____0.1341$_____0.1511$_____0.1770$
SL:0.0756$
Must follow me for the latest crypto real-time updates.
good luck :)
SLP FULL ANALYSIS SLP / USDT
Slp is sitting now on ATL support (all time low)
Its very interesting that MM already take stoplose for both bulls and bears at this point
We can see daily close below support = which is the SL hunt of bulls and triggered bears for short
Then we can see strong pump in next day to liquidate bears
📌Technical Analysis : This is last chance for this coin to go up which mean another daily close below previous ATL = major dump
📌Fundamental view :
the only problem here in this coin is :
people get it by playing Axie Infinity game and sell on exchanges (thats why its dumped hard all that way before)
Share your opinion with us . what you think next about it ? major recovery or continue dumping
SLP/USDT 03/10/2021This coin is next NFT project with game!
The project look good. More than 500 000 followers on twitter, interesting videos on YT.
Currently looks like forming bottom.
It's recomment to trade this coin withou SL. Use money what you can lose.
Risk is high, but potential is much higher!
This could be next unicorn trade:)
For Education Purpose ''Not Fınancıal Advise''The shown daily graph represents the positive disharmony which means that we may expect an increase for 4H graph. Additionally as we can see a big handle and cup formation and it support my idea strongly. I confess that I expect SLP may going up to nearly 0.71 level.
Good Luck.
🆓Smooth Love Potion (SLP) Sep-28 #SLP $SLPThe selling force on SLP is very strong and SLP could come back to the All-Time-Low point at 0.055$ zone or even move down to 0.045$ zone before recovering to 0.07$ and 0.1$ zone in October
📈RED PLAN
♻️Condition : If 1-Day NOT closes ABOVE 0.07$ zone
🔴Sell : 0.07$
🔴Buy : 0.055$ - 0.045$
🔴Sell : 0.07$ - 0.1$
📉BLUE PLAN
♻️Condition : If 1-Day closes ABOVE 0.07$ zone
🔵Buy : 0.07$
🔵Sell : 0.08$ - 0.1$
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone