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SLPUSDT trade ideas

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
SLPInteresting $SLP chart. 100% move in the past 26Hrs... Im imagining the same break&retest structure in the previous yellow sphere. @ Current price it would be a 200% move to retest the last support --> resistance level. No narritive behind this other than the technical aspect. SLP is an inflationary token and supply will rise = lowering demand (price). However, Market Manipulators could see this as an opportunity to pump price, have plebs see an extremely low value/cheap altcoin that can potentially "make new ATHs" then dump on their head as people catch knifes like the last phase of this chart (Nov 21' - Feb 22'). There is opportunity in that. NFA
by N0ST0PL0SS
1
Will SLP go higher?From last analysis I entered at 0.018 and had a 5% stop loss as there was a possibility it was the bottom. But I was stopped out 😔as SLP went further down towards 0.01 and eventually bounced upwards at 0.088. I managed to opened a new position at 0.0111 and now in nice profit. SLP may range for a while at the current level 0.018 as it did previously before going higher. I am hodling for now as SLP is showing good momentum to go even higher, adjusting stop loss as it climbs. Strong previous support in red line is now a major resistance where I expect a pullback. May sell at the resistance and buy back at pullback expecting it to go higher. Fundamentals of SLP has also been improved very recently with Axie Infinity team updates to burning rates and minting. Coupled this with current reversal of BTC, SLP could well make 3-5x in the next few weeks. If we're lucky we might even see SLP visit the previous ATH which is 40x from bottom. DYOR!
Long
by abuzax
4