SLPUSDT Technical Analysis
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SLPUSDT on H4 has broken above the triangle and is going for the retest. After a successful retest it will go up.
⬆️Buy now or Buy at 0.15
⭕️SL @ 0.26
✅TP1 @ 0.17
✅TP2 @ 0.176
✅TP3 @ 0.183
✅TP4 @ 0.20
✅TP5 @ 0.22
✅TP6 @ 0.23
✅TP7 @ 0.25
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Slpusdt
SLP - Updated Chart SLP = A great learning experience for me.
I have been trying to learn patience and just back my initial decision.
I don't have a large account - I'm just learning and enjoying the community.
Anyway -
Since the last update!
I have been able to set my stop loss now allowing me to break even with enough room for take profit.
No notification of being stopped out is good news.
I still have been checking every couple of hours - only to adjust my stop.
I don't change my Take Profit - It's nice to be up and safe.
SLP - Updated Chart.New Draw Up for questions around SLP.
Draw Up -1 Hour Chart
50.493 RSI
Stoch RSI - Just about to cross signal (14,14,3,3).76-79
Keep an eye on the 50-day moving average.
4hr Chart - figures at the time of writing.
42.2 RSI
Stoch RSI - (14,14,3,3). Just crossed back over signal 61 - 57
I left indicators there just to show what I normally work with but feel free to ignore them.
All of the @PhoenixBinary Indicators are free and really helpful to double-check that entry. I use these indicators as they are easy to use and freely accessible. I am not profiting from this at all.
Indicators are also not crystal balls - use them to confirm your entry not base entry on them.
Tips - I try to keep it simple. Happy trading.
SLP: A Breakout PossibilitySLP USDT UPDATE
So I decided to end SLP backlash tonight. Smooth Love Potion (SLP) holds a great value in itself, you can read the details about his project here:
coinmarketcap.com
TECHNICAL ANALYSIS
On the day of signal, SLP was mentioned to be bought in ladder under 0.24 - 0.32 range as it was obvious that breakout is due.
Due to the falling wedge pattern and candlesticks were on and above of 200MA reflecting that SLP is consolidating and soon will breach the current position resulting in a breakout.
However on the same day, the shift diverted from SLP to AXS (SLP is earned by playing AXS game) as the baseline investors pull the huge chunk of money and we have witnessed the huge breakout in AXS resulting in failure of SLP Breakout.
CURRENT POSITION
Due to suction of money from its blockchain SLP suffered a huge blow, however it's consolidating (mentioned in yellow boxes), the wedge is also prolonged.
On 9th August we have also observed SLP trying to breakout again but this time it failed again, the resistance was strong and breakout potential was low due to market abruption.
Right now it's in solid consolidation phase again, wedge is also close to sideways, chances of breakout for the third time are high.
However, for short term I still believe it can go a bit lower, let's say close to 0.15 to strengthen itself; the breakout is imminent and we can see the push towards $0.35 initially as it holds a major resistance level.
Current Support: $0.1705
Current Resistance: $0.1893
-Shoayb
SLPUSDT🌟this alt has a low market cap so it can collapse in price so easily that's why we cant risk to afford putting an stop loss and face the rise again
🌟this alt's main target is 1$ for now and after that we have to see what will market decide to happen next which will come up with an update for this coin
🌟severe risk potential so be careful with it if you are a safe trader even in spot position but this coin can turn the tables
👉This idea has the confirmation of "advanced price action" 👍
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SLP PROJECTIONThe market shows us a glimpse of bullish today were the market reacted from our daily POI. The market bounce off from expected area 👌
Confluence I have seen for LONG bias:
1. Mitigated D1 POI
2. Potential liquidity has been grab
3. Market reacted from our TL support
3. (Doji reversal candlestick pattern) in POI
4. Bullish harami in POI
5. Potential bullish engulfing in POI
This is the previous SLP analysis:
SLPUSDT - BULLISH SIGNAL UPDATEAs you all know, SLP is not performing well from last week and according to the Chart patterns, Ascending Channel is formed and also indicators giving bullish signal.
Short term Trade, DYOR Before taking trade, as i'm not responsible for your loss.
RISK FACTORS:
Market/ BTC CRASH
Happy Trading :)
Good Luck!
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