SLP Short-Term Correction Starts | 875% Potential Profits UpsideWe looked at Smooth Love Potion (SLPUSDT) as it broke out and we warned of a correction that follows this initial move.
There is room for plenty of growth though after this correction is over.
Here I am mapping the path with red and green arrows.
We can see 155% short-term followed by 850%+.
Remember to have a plan and trade safe.
This is not financial advice.
Good luck.
Great success.
Good profits.
Good call.
Namaste.
Smoothlovepotion
What is the reason for the growth price SLP and where to sell itIn the last week, SLP holders like us and not only us are very happy with the price growth.
The value of SLPUSDT is growing daily +40-70% and is already beginning to move into the euphoric stage. Although before that the value of SmallLovePotion token has been falling steadily for a little over 6 months and this unsuccessful investment has already been buried in the minds of many.
So, without emotions, let's try to determine the reason for the current growth and where to say goodbye to your SLP.
What triggered such a price jump in SLP, we don't know, as well as where it may end. So, everything that will be written below is a mixture of facts and our assumptions:
1. On 27. 01 .22 the developers of Axie Infinity released a control token, Ronin, for their robot battle game Sky Mavis.
But in a tweet they were just bombarded with messages like: You guys are great to release something new, but maybe somehow support SLP from such a steady depreciation.
Ron is now trading at around $3. In our previous SLPUSDT ideas, tradingview users wrote in the comments that they are trying to farm Ron while SLP is in drawdown.
2. SLP issuance has not been limited yet, there is no upper limit further, and as of 10/02/222 they are just over 4bn in circulation.
3. The trading volumes are now 8-10 times higher than they were 2-3 weeks ago, and most likely these volumes are doing up by bots set up for pamp. For the reason that growth doesn't allow deep corrections and opportunity to buy cheaper, hinting: buy now, because later it will be more expensive. But it's a very dangerous thing, especially with margin leverage , because we've all seen how the SLPUSD price can and can fall.
4. The first strong mirror level is around $0.06. That's probably where the first real fight between buyers and sellers will start, as they'll were bogged in SLP a lot of time ago and want to sell it off at zero or at least at a minimal loss.
5. We are also SLP investors, we wrote earlier about our not so successful investment, but it was for a small part of the trading depot, and we know how to wait for the pumping)
Frankly speaking, we do not want to sell our SLP earlier than $0.34-0.35 , but will be the price there, we will know soon.
- If the SLPUSDT price will end up in the range of $0.06-0.09 its market capitalization will be in the top 200, it is not serious, don't you agree.
- If it will succeed to rise up to $0.34-0.35 , token capitalization will be in the top 100.
- If this growth passes the mark of +1400% from the bottom and stops at $1.20 , the capitalization will be in the top 50 and will find +/- in the vicinity of the main token AXS capitalization.
- The maximum that fantasy now allows you to think about is around $2 per SLP , and the capitalization will probably not last long there, but still be able to pop into the top 20.
Please write in the comments your thoughts on what is connected with the growth of SLP price and where its top bar is possible.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Smooth Love Potion (SLP) Highest Volume Ever!Let's have a look at this one, Smooth Love Potion (SLPUSDT ) and we start with the project overview.
"What Is Smooth Love Potion (SLP)?
Smooth Love Potion (SLP) tokens are earned by playing the Axie Infinity game. This digital asset serves a replacement for experience points.
SLP are ERC-20 tokens, and they can be used to breed new digital pets that are known as Axies. The cost of breeding begins at 100 SLP but increases gradually — rising to 200 SLP for the second breed, 300 for the third, 500 for the fourth, 800 for the fifth and 1,300 for the sixth. Axies can be bred a maximum of seven times, and the seventh breed costs 2,100 SLP. This limit exists in order to prevent hyperinflation in the marketplace.
It can take time to accrue SLP through the game, and a player may need to win 15 competitions in order to gain enough tokens to perform their first breed. Purchasing SLP on the open market is a way for gamers to get a headstart."
source: coinmarketcap
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SLPUSDT Entered Binance back in May 2021... Clearly was followed by the strongest decline.
On the 3-Feb. SLPUSDT hit a low and what we are seeing now is the strongest of growth.
We have the highest volume ever and the RSI going off the chart.
A change of trend is certain.
After the initial wave, the breakout, we will have a retrace and then the next wave (3rd) should be the strongest of all.
I've mapped multiple targets on the chart.
Namaste.
Smooth Love Potion (SLP) broke out longest channel.Hi dear friends, hope you are well and welcome to the new trade setup of Smooth Love Potion (SLP) token.
On a daily time frame, SLP broke the longest down the channel. There is also a bullish divergence as priceline is forming lower low and RSI is setting higher low.
Buy between: $0.022 to $0.03
1st target: $0.04
2nd target: $0.06
3rd target: $0.10
Final target: $0.35
Stop loss: Below the support of $ 0.0175
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
💥SLP CHANNEL BREAKOUT- TARGET @ $0.017Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
This is a short term signal. Slp broke out from the descending channel. The next available resistance zone is $0.017.
If price should break this resistance zone upward, the next target will be $0.02. But if it doesn’t break the resistance at $0.017, we may have a pullback
What do you think?
Share your opinion in the comment section✍️
Follow me to receive more updates on SMOOTH LOVE POTION (SLPUSDT ) 🤗
Happy Trading💰🥳🤗
Trading Signal For SLPUSDTTrading Signal:
There is a Trading Signal to Buy in SLPUSDT Smooth Love Potion
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 0.010
⭕️SL: Close bellow 0.008
🔵TP1 @ 0.017
🔵TP2 @ 0.0249
🔵TP3 @ 0.0350
If you liked our ideas, please support us with your likes 👍 and comments .
SLPUSDT - BULLISH SIGNAL UPDATE!!As you all know, SLP is not performing well from last 10 months and according to the Chart patterns, Bullish Flag is formed, also indicators giving bullish signal. Fundamentals are also good to watch for.
Short-term Trade, DYOR Before taking trade, as i'm not responsible for your loss.
RISK FACTORS:
Market/ BTC CRASH
Signal Strength Ratio: 75%
Happy Trading :)
Good Luck!
If you like my idea, please support:
Binance Smart Chain ( BSC ): 0x91Aa3e0c7B62397547687F28a8830C8d791C3dFF
SLPUSDT-LONGBased on technical factors there is a long position in :
SLPUSDT Smooth Love Potion
Score 3️⃣
🔵Long Now or set on Key Level 0.0220
🟢Target 1 0.0190
🟢Target 2 0.0175
❌Stop loss 0.0165
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
Please support our activity with your likes and comments.
$SLP - Smooth Love Potion - Ready for breakout?I posted a chart with a long set up yesterday and managed to sell for a handsome profit. However, the long set up was swallowed up by sells and it turned into a bull trap. I can still see that SLP is forming a falling wedge, just made bigger so one to watch I think. I am in a long myself with a SL at the previous lows.
Trading Signal For SLPUSDT Smooth Love PotionTrading Signal:
There is a Trading Signal to Buy in SLPUSDT Smooth Love Potion.
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 0.0250
⭕️SL: close below 0.0220
🔵TP1 @ 0.0350
🔵TP2 @ 0.0475
🔵TP3 @ 0.0615
If you liked our ideas, please support us with your likes 👍 and comments
Smooth Love Potion (SLP) Another Longest ChannelHi dear friends, hope you are well and welcome to the new trade setup of Smooth Love Potion ( SLP ) token.
Down channel formation:
Since the 1st week of Nov, SLP is moving in a long-term down channel. Recently it found new support at $0.03 but broke it down. For any big move, priceline needs to breakout 1st this channel and then there is key resistance at $0.06. There is also 100 simple moving average resistance at almost $0.06.
Previous channel:
There was also such a long channel fromed from 1st week of Aug to the 1st week of Oct 2021. When SLP broke out the channel then it was rejected by 100 SMA resistance.
Key resistance:
As we have discussed above that for any big move 1st priceline needs to break out the channel and then a key resistance of $0.06 because this key resistance has been working as very strong support. Therefore it can work as very strong resistance as well.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
SLP 3D What it takes to make the price go upWe, like probably many of you, wanted to make money on speculation with SLP token, but as a result we became invested hostages.
Because we don't play a game where this token could be used, the maximum we can squeeze out of this investment is passive income by transferring tokens for staking.
The first wave of hype for gaming tokens has passed, and now there is a correction.
SLPUSDT price has been falling steadily for six months and the value has already decreased by -90% from the maximum.
During this fall we have made several long buys and froze 10% of the trading deposit allocated to the project P_S_trade to no avail.
Actually, to guess where the bottom of this fall - is equal to guessing the cards, so we're not going to do this.
We propose to share our opinions in comments, what should happen in Smooth Love Potion project and cryptocurrency market in general for SLPUSD to explode by 10 times. It is around $0.35 that we would like to fix part or even all the investment in this token.
First , the conditions we described in BTCUSDT forecast are fulfilled now to start at least minimal, but still alt-season.
Please take a look at it:
Secondly, we need to somehow limit the maximum number of coins to be issued, as long as there is no upper bar, they print as many as they need. The supply in the market will decrease, then the demand will naturally increase the price.
Third , sometimes crypto projects do denominations and similar maneuvers and after that the price of token or coin grows well.
Please join the thoughts in the comments under the idea, because in the discussion the truth is born.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
SPL 300% growth in few days Hey friends!
$SLP is going to triple soon.
"The SLP cost per breed will triple in AXIE infinity gaming ecosystem"
due to official announcement. (website about announcement could be looked at axie point substack point com)
Okay so what's that? That means players in AXIE game used to spend more SLP. Due to token burned volumes that's will be a reason for triple price. AXIE playing ecosystem nowadays include 2,5 million active players.
SLP inside huge wedge#SLP/USDT
$SLP is at the end of a huge triangle or wedge, there is a strong support around $0.02 that may attract price, and then try to break out from triangle.
but if price going to break out triangle from current price, after a pullback it will head up toward resistance around $0.11