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SLPUSDT trade ideas

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
SLPUSDT - BULLISH SIGNAL UPDATE!!As you all know, SLP is not performing well from last 6 months and according to the Chart patterns, Bullish Flag is formed, also indicators giving bullish signal. Fundamentals are also good to watch for. Short-term Trade, DYOR Before taking trade, as i'm not responsible for your loss. RISK FACTORS: Market/ BTC CRASH Signal Strength Ratio: 75% Happy Trading :) Good Luck! If you like my idea, please support: Binance Smart Chain ( BSC ): 0x91Aa3e0c7B62397547687F28a8830C8d791C3dFF
Long
by SignalSpot
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
Is it time after all these bloody months?SLP is a debatable project. Fundamentally, I don't really know what to expect. But technically, we might be seeing a breakout anytime soon. We can see that we are slowly breaking trough the downtrend-line from the past months. When we are trough on 1-hour and 4-hour, I expect nice gains. But as SLP has disappointed me before, it might do that again. I am in for a bit:) DISCLAIMER: this is not financial advise. DYOR before you do anything!
Long
by daytrading_is_my_favourity
13