Slpusdt
SLP on a non-stop downtrend?This token is indeed trash in it's essence. since it has an infinite supply of tokens and is an in-game token. as you can see on the chart there is no defensive move or support from the bulls. Bears are dominant on this token in the complete absence of bulls. it is now on it's last line of support, if it loses the support level go short and stay short.
Don't mind the R/R Item on the chart it's bugged and i couldn't remove it from the chart.
What's your opinion about SLP?
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
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 TRADE SETUP!Hello everyone, Welcome to this altcoin trade setup. If you didn't follow me yet then hit the follow button now for more latest updates and profitable altcoins setups.
Let's get to the chart. SLP is breaking out from the big falling wedge channel and currently facing some resistance. If you want to buy SLP then I"ll recommend not to buy here because it's already 20-30% up. Wait for a little pullback then you can buy some.
Best entry range:- $0.06-$0.08
Target1:- $0.12
Target2:- $0.18
Target3:- $0.27
SL:- $0.54
If you like this idea then hit the like button and also share your views in the comments section.
This isn't financial advice. DYOR before investing.
Thank you!
SLPUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market
target: 0.082 - 0.093 - 0.107
after first target reached move ur stop to breakeven
stop: 0.056 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3
Good luck everyone!
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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 :)
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.