FOMO SLPI've noticed this on BINance, did skimmy (skimp) research, now know what this waste of time token this is for, gaming. After whales pumping this, volume indicative, CCI and RSI doesn't suggest 100+% gains these next day or week or so.
Although I will keep an eye on this, as a gamer (I don't play timewasting trash like this) I do expect it to increase in fiat value, because anything not fiat has far more value anyway.
SLPETH trade ideas
SLP super bullish scenario Simple Love Potion is linked to AXS from the game
AXS is currently bullish
So i thought to take a look together at SLP potential from this low (possible bottom)
What do you think
Is this potion good ?
Have a happy week !
More info
"In the Axie Infinity ecosystem, the game characters are called Axies. They are non-fungible tokens (NFT) that you own and control. You can store them in your personal wallet, transfer them to other Ethereum addresses, or trade with other players using a blockchain-based marketplace. Apart from Axies, the game features virtual land and items, which are also ERC-721 tokens.
Within the ecosystem, players can use teams and formations in the Adventure mode (PvE - Player vs. Environment) to battle monsters in Lunacia – the Axie Infinity kingdom. They can also choose the Arena mode (PvP – Player vs. Player) to battle other real-life Axie trainers. When you win, you gain an asset called Small Love Potion (SLP), which is used for breeding Axies. SLP is also an ERC-20 token and can be traded on exchanges like Binance."
Long term outlook for SLPThis is our long term outlook for the prolific shitcoin Small Love Potion! We intend to trade each major movement but there is also the ability to simply buy now and hold to sell at the top. If you plan to trade each move make sure to follow us as we will be posting ideas regularly! The target for the growth is from the measured move of the inverted head and shoulder pattern forming. We are also notably probably inside a wedge (marked in yellow) which will most likely not break until late May, after the top is in.
SLP - what to do next v4Slp approaching resistance line. Is it going to hold? We could see price drop below resistance line now that BTC is loosing strength. If it bounces we could see some gains. This is not deflationary token. Supply is constantly growing... soo... we shall see. RSI on 4h approaching oversold
SLP - what to do next v3This coin could go further up. MC is actually around 22M+ and not just above 4M mc. Check their smart contract on ethscan. We could go down even more (~3000), but support line (red) should hold. From there x2 and x3 are quite possible short term. There is also possibility that it bounces from the last orange (resistance) line (around now). Trade carefully and wait for good entrance.