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SLP

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
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
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
SLPHi everyone Honestly, I used to defend slp currency a bit and I even offered to buy it to a few people ... Unfortunately, it has not been working according to ROAD MAP lately and has had very poor fundamental performance in recent times. I do not know what to say... But if you are at a loss of more than 50 or 60 percent ... and you did not use SL ... wait... Brotherly offer ... I do not see anything positive in the technical and you have to wait for the fundamental news for this currency. . . Have a nice time...
by MohammadWaezi
21