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SLP / TetherUS

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SLPUSDT trade ideas

SLPSLP has been in a consistent downtrend since April 2022, which coincides with a significant increase in the number of coins released since its inception. However, there has been a sporadic but constant burn of coins since last year, which may help mitigate some of the oversupply. BTC continues to dominate the cryptocurrency market, and although we have seen a run on altcoins in recent months, it hasn't been a serious threat. Besides SLP, Axie and Ronin are also experiencing an influx of capital, which is making it harder for SLP holders. I have no illusions that SLP will reach the previous high of 40 cents again. With a circulating supply of 42 billion coins, such a feat is only possible through a drastic change in circulating supply and a significant reduction in the number of coins in circulation. To be realistic, it is possible for SLP to reach the 0.03 area. If you look at the formation, it is a textbook example of a descending channel, which usually has a bullish breakout which leads to a very quick rally. Keep in mind that this formation has been in making for more than a year. This coin could fly very quickly, it will be interesting to see what happens. Good luck to you all, and always be smart with how you spend money.
by haloman0ol
4
#SLP/USDT - Long - Potential 13.89%#SLP/USDT - Long - Potential 13.89% Strategy: Long Exchange: Multi-Exchange Account: Spot Entry mode: DCA Limit Invest: 7.22% Exit: • ⎿ Target 2 : 0.003271 13.85% • ⎿ Target 1 : 0.003072 6.93% DCA Entries • ⎿ Entry : 0.002873 - 100% • ⎿ Current market price: 0.002882 Stop: 0.002674 (-6.93%) Technical indicators: • ⎿ 24h Volume: 7692840.732765 • ⎿ Satoshis: 0.002882 Excellent trendbreak on this gaming token. Looks to be continuing although near overbought so I'm 100% at TP1 (and on everything I'm publishing atm), If you're holding for TP2 I'd throw in a trailing stop. ​ Trade: SLPUSDT 01/04/2023 12:01 Account: SPOT Volume last 24h: 7692840.73 USDT
Long
by CryptoNicho
2
SLP is going up to the moonlook at the potential of Smooth love potion, it hasn't touched the top trend, it will be literally the biggest pump in this year. the advantage is so high. I don't put all of my reasons on the chart anymore. but I can tell this for sure and I bet my life on it. it is time to long this and over time very soon, by soon I mean really soon it will pump. I'll tell you one reason why it is good time now: look at the two major volume exchange for SLP Binance and OKx perpetual you'll find out ;).
Long
by thefloydian
8
$SLP/#USDT [#Smooth Love Potion]: BBandSqueezeWe've a Bollinger Squeeze on the $SLP/$USDT chart. The Bollinger Bands have narrowed, indicating a period of low volatility. A breakout from this squeeze could indicate a potential trend change. The next resistance key levels are at 0.003616 | 0.003959 | 0.00471 and the major support zones are respectively at 0.002865 | 0.002457 | 0.001706. We may consider buying at the current price zone at 0.003211 and targetting higher level. - Technical Metrics : -- Current price: 0.003211 -- 24H Volume: 5,532,688.0292 ₮ -- 24H Price change: 9.441% - Pivot Points - Levels : -- Resistance: 0.003616 | 0.003959 | 0.00471 -- Support: 0.002865 | 0.002457 | 0.001706 - Indicators recommandation : -- Oscillators: BUY w/: 3 BUY - 0 SELL and 8 NEUTRAL -- Moving Averages: STRONG_BUY w/: 14 BUY - 0 SELL and 1 NEUTRAL --> Summary : STRONG_BUY w/: 17 Total Buy - 0 Total Sell and 9 Total Neutral
by Crypto2AF