๐งช $SLP /USDT Technical Analysis (4H Chart)
๐ฐ Current Price: $0.001488 (+3.62%)
๐ Moving Averages:
MA(7): $0.001407
MA(25): $0.001387
MA(99): $0.001529
โ
Price has reclaimed MA(7) & MA(25) and is now charging toward MA(99) โ this could be a trend flip zone.
๐ Reversal Rally Brewing
After grinding down for weeks, SLP just printed a strong bullish engulfing candle breaking through near-term resistance.
This marks the first serious upside momentum since late May โ momentum traders now watching closely.
๐ Momentum Snapshot:
MAs are turning upward for the first time in the current cycle.
If price breaks above MA(99) at $0.001529, next target zone opens up toward $0.00160โ$0.00172.
๐งฑ Key Levels:
Support: $0.00142 โ $0.00138 โ $0.00132
Resistance: $0.00153 โ $0.00160 โ $0.00172
๐ฏ Trade Idea:
Breakout entry: Above $0.00153 with target at $0.00165โ$0.00172
Conservative entry: Pullback to $0.00142โ$0.00145 with stop under $0.00138
Volume and BTC stability will be key to confirm momentum.
โ ๏ธ DYOR โ Do Your Own Research.
This is not financial advice. Markets can be volatile โ always trade responsibly!