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SLPUSDT trade ideas

"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
SLP fall 98% from ATH and made 150% from LOW, more profit ahead.Hello TradingView community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much and we will start. Today I want talk with you about SLP chart. Last few days SLP made 150% net profit from low. And I think SLP will continue to grow because after such big fall fro 97% price need to made at least some small correction up. I think SLP first target is around 0.066 and 2nd target is around 0.13-0.14 USD. To reach 0.066 price need rise for another 200%, this is x3 profit from current levels. To reach 0.137 price need a rise 500%, this is already x6 from current price 0.023 Also my congratulations who bought SLP from my last idea, you already have 100-150% profit. I think SLP will continue to grow and will soon we will see it. So, I'm waiting for this scenario. This is my opinion, I really hope this will be useful for you. Be ready and take care your money. Have a great profit !
Long
by YMGroup
35
SLPUSDT in a Nut ShellSLPUSDT or SLP in general has been notorious online for the past couple of days due to its continuous downtrend; however, with the new updates coming up it is currently under going a pump. With today's candle (02/08/2022), we should look at it as a point of reversal for a bearish trend. It is possible, but we need to take into consideration the divergences. As seen in the Stochastic RSI and the chart itself, SLP is no where near losing its current momentum as the volume also increases along with the uptrend in price. How far do you think SLP will go? We can see the price going up to 0.044 and should that break, then it can resume its momentum from prices 0.095 to 0.1216 which also serve as its PRZ or point of reversal zone. This is a very important zone because this will be the area for another major correction for SLP. In the future, I can personally see this forming a double bottom but due to lack of data, we can never really tell. For now, let us all enjoy the ride to 0.044 and let's see if a bearish (strong one) will lead for it to go down another correction. Disclaimer: This is for educational purposes only.
Long
by TokieTV
4