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SLP

Smooth Love Potion (SLP) Another Longest ChannelHi dear friends, hope you are well and welcome to the new trade setup of Smooth Love Potion ( SLP ) token. Down channel formation: Since the 1st week of Nov, SLP is moving in a long-term down channel. Recently it found new support at $0.03 but broke it down. For any big move, priceline needs to breakout 1st this channel and then there is key resistance at $0.06. There is also 100 simple moving average resistance at almost $0.06. Previous channel: There was also such a long channel fromed from 1st week of Aug to the 1st week of Oct 2021. When SLP broke out the channel then it was rejected by 100 SMA resistance. Key resistance: As we have discussed above that for any big move 1st priceline needs to break out the channel and then a key resistance of $0.06 because this key resistance has been working as very strong support. Therefore it can work as very strong resistance as well. 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
3
Never invest hard earned money based on social media influencersThese days there are a lot of social media influencers, to be honest most of them do not know about the Crypto fundamentals and what is the tech behind this and how things work in the long time. For an example, If an influencer says to buy and hold SLP token from Axie Infinity for long term, you need to instantly block them, because they do not even know the different types of token and are just misleading people. In this case, SLP is a utility/commodity token with infinite supply, as the number of players increases, more SLP will be minted hence price will go down, given that this game has no good burn mechanism. Such influnecers will come up with a drawing of new trend lines every day, and say the coin is in downtrends, but these trend lines have no impact on utility/commodity tokens. They depend upon the tokenomics. What I want to say is -- Never trust blindly any Social Media Influencer for your hard earned money! Always have curiosity to learn more and develop a trading system that works for you best. Give this new year a new start!
Education
by amit034
14
SLP Now or never - Time is running out, RSI strong divergence 🚀RSI chart on the one-day interval shows a very large divergence. Energy is building up fast Axie promises to release new gameplay of V2/3 game. It hangs a lot in air and coin is ridiculously cheap and has a lot to do. Jiho knows that community is suffering and it is huge. Realize that they have to do something about token price otherwise they may crash. Team AXIE is working and that is most important thing. I think patience will be rewarded even for most losing ones who obviously did not sell their tokens in bear market. Good Luck
by potas58
5
SLP 3D What it takes to make the price go upWe, like probably many of you, wanted to make money on speculation with SLP token, but as a result we became invested hostages. Because we don't play a game where this token could be used, the maximum we can squeeze out of this investment is passive income by transferring tokens for staking. The first wave of hype for gaming tokens has passed, and now there is a correction. SLPUSDT price has been falling steadily for six months and the value has already decreased by -90% from the maximum. During this fall we have made several long buys and froze 10% of the trading deposit allocated to the project P_S_trade to no avail. Actually, to guess where the bottom of this fall - is equal to guessing the cards, so we're not going to do this. We propose to share our opinions in comments, what should happen in Smooth Love Potion project and cryptocurrency market in general for SLPUSD to explode by 10 times. It is around $0.35 that we would like to fix part or even all the investment in this token. First , the conditions we described in BTCUSDT forecast are fulfilled now to start at least minimal, but still alt-season. Please take a look at it: Secondly, we need to somehow limit the maximum number of coins to be issued, as long as there is no upper bar, they print as many as they need. The supply in the market will decrease, then the demand will naturally increase the price. Third , sometimes crypto projects do denominations and similar maneuvers and after that the price of token or coin grows well. Please join the thoughts in the comments under the idea, because in the discussion the truth is born. _______________________________ 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 :)
by P_S_trade
51
SLP - Outlook ✅Let's see how SLP is behaving. This is a 1H chart. (Valid for 24 hours) The Fib retracement shows that the price has been consolidating since it looks like that this coin has no lower place to go. The market is showing SELL volumes for SLP. Two resistance levels push down on value, and two support levels hold the price high and show strength. This local support is our last hope to turn the market into bullish. If the price drops lower, we will have to fight more strong resistance levels on the solid support. The RSI shows that SLP is under the 50 levels, the center. And it's going near the lower edge again. We will have a short-term bearish run if we don't get enough buy volumes. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $ Let me know your ideas. Good luck.
by ShawnMCR
7
SLP - the global trend line is very close!A lot of guys are asking to analyze the SLP coin. Personally, I don't like this project, there are more promising projects. If we analyze from the technical analysis side, we can say that with every rise there is a big volume at the top of the chart and this is not a good signal, which means that the big coin holders sell their coins at every good opportunity. It is worth pointing out that the price has approached its trend line and starts squeezing, this is a signal for a breakout. In case of a breakdown of the global trend line, there could be a buying opportunity. But once again, this is not financial advice, this is purely analysis on the technical analysis side. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
20