$SLP /USDT 4H Trade Setup

Market Insight:

$SLP has rallied strongly with a +17.91% increase and is currently trading near $0.002146. The price is approaching its 24h high at $0.002270, showing strong bullish momentum supported by solid volume (3.13B SLP traded, 6.61M USDT volume). Moving averages are close and suggest potential consolidation before next move.

Entry Zone:

Consider entering long between $0.00208 - $0.00215, near current price support and MA clusters for a safer entry on minor pullbacks.

Targets:

Target 1: $0.00227 (24h high resistance)

Target 2: $0.00230 (psychological resistance)

Target 3: $0.00240 (next key resistance based on previous price action)

Stop Loss:

Place stop loss below recent swing low at $0.00187 to limit downside risk.

Key Levels:

Support: $0.00187, $0.00178 (24h low)

Resistance: $0.00227, $0.00230, $0.00240

Pivot: Around $0.00215 (current price cluster)

Pro Tip:

Watch volume closely for confirmation. Strong buy volume near support levels will add confidence to a long entry. Avoid chasing if price spikes above $0.00230 without consolidation.

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