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SLPUSDT trade ideas

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 :)
Long
by P_S_trade
49
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 -- 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.
Long
by MasterAnanda
4
Long way for SLP for a new ALL TIME HIGH, but its a YES. As mentioned in my previous analysis, all indicators is showing a bullish signals now+ after the Season 20 , SLP from 0.099$ went up to 0.040$ . Yes only 48 hours has pass after the announcement and its price has a massive growth Why is SLP Pumping today? SLP MINTING has been reduced in the GAME itself. Previously, if you have one team, you have assurance of 75 SLP per day once you finish the ADVENTURE MODE now its gone. - Daily quest SLP has been removed. (25 SLP) - Adventure mode SLP has been removed. (50 SLP) - SLP rewards have been reduced at certain MMR brackets. Future BURNING MECHANISM is coming!! More usage of SLP for fees Origin- Part upgrade Land & ETC / More SLP fees So expect now more demand and less supply in the coming months in SLP. This is a good sign for this crypto . Previously it price went down due to oversupply, millions has been minted everyday and less burnince mechanism for this coin. With the new annoucement this has been corrected. Expect now a bullish trend in this coin and will seek a new All Time High, probably and max 0.60- 0.70$ . Kindly note that this is my personal analysis and you can take as a guide. DYOR and do ur own technical analysis then decide.
Long
by ridenz77
💥SLP - TO PUMP BY 60% TO 70% TO $0.05Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ SLPUSD BUY POSITION Buy within - $0.0285 - $0.0335 Stop loss - $0.0260 Take profit 1 - $0.047 (60% ROI) Take profit 2 - $0.05 (70% ROI) Risk - 10% ⚡️Use proper risk management Right here is my idea on slpusdt. I expect a pullback to $0.0290 before another leg up to $0.05. The Best Buy zone is before the resistance breakout which is between $0.0285 and $0.0335. What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on SMOOTH LOVE POTION (SLPUSDT) 🤗 Happy Trading💰🥳🤗
Long
by PetrockTheAnalyst
29
"Why is SLP Pumping?" The FundamentalsWhy is SLP pumping? Roughly 40% of SLP is created from adventure mode, roughly ~44% of SLP is created from PVP, and the remainder (~14%) is minted from players claiming the daily quest. Adventure and daily quest rewards have been completely REMOVED in season 20. 54% of SLP minting has just been TURNED OFF (well, before calculating new mints with updated PvP distro, that will take time though). More slots added to PvP bracket, which means more teams will be breeding to hone Axies. SLP demand theoretically increases. Further incentives with a PvP total reward pool of roughly worth 6 million USD. Other use functions for SLP teased with cosmetics and part upgrades. Users MIGHT horde SLP in anticipation. The dev team calls this "Vertical Progression", think skill trees in traditional video games, or other areas you sink EXP into. Axie Land gameplay also looms on the horizon. MY CONCERNS: New SLP distro will be quite top heavy in PvP ranking. This can create a self reinforcing feedback loop, where top teams remain top teams simply because they have more in game capital to continue improving. There's a possibility this can alienate new players and create a centralization of power. The question would be then, do the fat cats dump their SLP on the market to capitalize play to earn, or do they keep demand going and reinvest into their teams to hoover up more of the 6 mil reward pot (in AXS). TL:DR SLP mint more than halved, demand and use case (or burn functions) increased. Once again, the Axie Team is HIGHLY AWARE of their fragile ecosystem. Looking through their updates and white papers, the moves they've made so far are actually highly strategic. Now that they have the user base, they plan ok focusing more on the gameplay aspect, which means MORE USE CASES FOR SLP. I don't have tons of capital, but I personally will be tossing a couple hundred into SLP every paycheck. I'll be looking to exit roughly around the time BTC has a blow off top. I am highly curious though how the economics of this coin will play out, seeing how the dev team can easily manipulate economic factors surrounding SLP. Maybe this means we see SLP and AXS break correlation from BTC's gravity. It's something I'll be keeping a close eye on.
Long
by Jiffydude
1
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.
Long
by moon333
8
Slp eliot wave bull impulsEverything is in the chart. Since axies changed slp from inflationary to deflationary system by burning instead of printing new slp coins, the long bleed has stopped. The fundamentals and the btc pump, might give you the best trade of the month by far. If you are in at 0,01 this could be 5x in a week. 1st big wave = 5 smaller wave impuls 0,01 -> 0,024 2th big Abc correction 0,024 -> 0,18 3th big wave = we are in it now. There are 3 targets (based on daily/weekly resistance) 0,18 -> 0,32 4th big abc correction 5th final push to 0,05+
Long
by Solartje
12
SLP trading ideaIt's been probably 1.5 year + since I made trading analysis on $slp $eth trading pair. Now I am back. SLP is impossible to chart. Why? Because Its highly inflationary and currency is meant to be a reward for $AXS game players. Because of it's super inflationary nature #slp shouldn't be held LONG term ...unless something changes on its fundamental level. This is trading channel. Could fall to 0.005$ or rise to 0.012 or even above 0.02$ per $slp. Who knows. This shitcoin that shouldn't even be traded on such exchanges as #binance, #bitstamp or any other reputable exchange in fact. It's not fair to noobs (or anyone in that matter). 98% loss within half a year???
by Aborangin
5