$SLP Trade Analysis | Step-by-Step Buying Strategy
Price action has experienced a sharp decline, currently trading near 0.001290. The market shows short-term weakness, but key technical levels suggest potential for a reactive move.
🔹 Buy Zones (Demand Areas):
Zone 1: 0.001290 – initial reaction area
Zone 2: 0.001256 – previous support level
Zone 3: 0.001216 – deeper liquidity zone
🔹 Sell Target (Resistance Area):
0.001342 – near the previous swing high and likely profit-taking level
📊 Indicators:
BB %B: 0.09, indicating price near the lower Bollinger Band, suggesting potential mean reversion.
RSI: Approaching oversold levels.
MACD: Bearish momentum still present but showing signs of deceleration.
🎯 Strategy Summary:
Entry on retracements, using layered buys to manage volatility
Exit near resistance to capture mean reversion or short-term bounce
Not suitable for high-leverage exposure due to current momentum structure
