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SLPUSDT trade ideas

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
💥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💰🥳🤗
Long
by PetrockFxTrading
3
SLPUSDT Analysis 272022We are becoming Bullish on Smooth Love Potion, SLP . Two BUY signals is a good sign of Bullish price movement. The Horizontal Support Line at ($0.01) was been established and we are bouncing off. The Daily Down Trend Line was broken and we see if we finalize an Open/Close today. We will place a 50% BUY with these signals from the Engineer. We have some profit taking tiers shown on the chart (150%, 450%, and 3300%)! Not too bad if we get back to an ATH in the next couple months...
Long
by tradinggrey
1
SLP already made 50% from low and can make another 200% growHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in comments, we will try to answer for all, thank you guys. Today I will publish signals from our trading team for SLP . Like I told you in my previous SLP idea, good entry point will be around 0.01 USD Those who bought it already have 50% profit, but... I think price can go much higher and show grow for around 200% profit, this is x3. I expect grow to resistance level and round number 0.04 USD Which also coincide with 0.236 correction level by Fibonacci. Thats why I think SLP will make pullback upward to around 0.04. Now good opportunity to buy SLP , price fall already more than 98% from high. We expect this scenario, so be prepare for next movements. Thanks for your time, we hope our work is good for you, and you are satisfied, wish you a good day and big profits.
Long
by Michael_Winner
33
Is this a true reversal for SLPUSDT?Hello SLP believers. You see that blue triangle? It is a reversal signal, and we hope that it persists. If you want to trade this, still be careful and set a stop loss because sometimes, when everyone is bullish due to this slight pump, rekt happens. Overall, I’m glad that SLP is improving. Ignore the whiners, controlling the supply of SLP is a good thing. If you get 10 slp per game and 1slp = 1usd is the rate, you would be happy right? So yeah.
Long
by Trader_Maestro
1
Axie Pulls Their Economic Levers with Season 20As stated in my prior idea, the fundamentals will drive this train. The double edged sword has cut in SLP holders direction. With season 20 came some rather hard economic lever pulls. Full article here: (um, actually I don't have a Pro account, so no link, but its the Feb 3 update on Axie's Substack) TL:DR Axie has cut SLP adventure mode rewards and daily quest reward COMPLETELY. Leaderboard slots for PvP has been increased to 300,000 with a total winning pool of 117,676 AXS up for grabs (this should increase breading as more user devolop teams). The SLP tap hasn't turned down a rather substantial amount. BONUS: They even discuss other future burn mechanisms like IN GAME SHOPS, PART UPGRADES AND OTHER COSMETICS. Wow, I don't think I've ever guessed something so accurately (I discussed these mechanics in my other idea on SLP). Disclaimer: I didn't catch the bottom on SLP, nor do I have fat stacks of SLP. Sub 100k SLP at an average of .03$. I have not paid close attention to SLP or Axie in the past couple weeks. At any moment (but from the looks of it, only during new seasons) Axie can flip another switch, and the story on SLP completely changes. As it currently seems, Axie is HIGHLY aware of their games current economic fragility, and won't do anything to cause further inflationary pressures.
by Jiffydude
1
SLP Pump? After Season20 announcedOne of hardest crypto to do Technical Analysis is SLP. Due to millions of token mined everyday due to its games. But yesterday announcement makes this coin pump. Less SLP to be mined, no more rewards in Adventure. axie.substack.com Now based on Technical Analysis and previous TA, the bottom of this is .010 which is reached. There is a valid bullish Divergence. There is a break of structure in Higher High which signifies a Bullish Trend in Smart Money Trading. Lets see how long will it pump and is this a valid retracement going on. Im bullish now on this coin.
Long
by ridenz77
4
AxieInfinity | Smooth Love Potion $SLP Technical Analysis: RSI(14) 28.4920 BEARISH (OVERSOLD) Moving Averages = bearish side Resistance 2: 0.02 Support 2: 0.009 Upcoming S20 & Economic Balancing Adjustments Volume = no demand x a lot of supply = price tends to fall The supply of SLP will inflate in future. Let's not forget that Axie ain't the same like it was before. Since axie price drops, more investors = more supply of SLP. - SLP did that before from 150 SLP (adventure and daily quest) to 75, it's just the same it goes down. We are more in the community now. We are minting slp way more than it is supposed to burn. Having good tokenomics and burning mechanism is the key. Hopefully this fusion is one of the key burning mechanism. 31 billion circulating slp, If no one is willing to burn their slp then slp pumping is not possible. Curious for your thoughts on $SLP and Axie Infinity updates. 👾👾
by wingsicarus
2
Traders VS Bots (SLP) Check the Price action of the candlesHi, Sadly its the truth that SLP is being SHORTED By BOTS All the time. I dont know who.. but well its a massive down trend and has not even broke the trend.. Even at elliott wave counts it is in wave 4 which may make believe of many people that its sky rocketing. But i believe it willdo another dump soon because there are so many shorts out there for this liable token. If you can observe properly the size and price action of the candle its way to different if you look it at any other assets which have real trader candles VS this BOTS traders (SHORTS) perhaps its JIHOZ whos shorting this? or the SkyM___ Company? Who KNOWS. I just hated them for doing it. Its even clear in a 1HR TIme frame. (usually youll see this at below 5mins for a trading bot chart but for SLP its even clear in a 1 hr TF. This shows that its really going DOWN #slp
by EpicM