๐ SLP Analysis โ Falling Wedge or Final Flush? ๐
๐ฎ Smooth Love Potion (SLP) is a GameFi token tied to Axie Infinity. After months of decline, technical signals hint at a possible reversalโbut risk remains high.
๐ Technical Analysis
- Short-term trend: Bearish, testing wedge support
- Support: $0.00165 | Resistance: $0.00270
- Pattern: Falling wedge forming on 4H chart
- Volume: High volatility, 1.9B SLP traded in 24h
- RSI: Near 35, deeply oversold
- Outlook: Neutral to bullish if wedge breakout confirms above $0.00200
๐ฐ Market Data & News
- Current Price: $0.001966
- 24h Change: +1.90%
- No major headlines, but traders watching wedge structure closely
๐ Scenario Breakdown
- Bullish Case: Break above $0.00270 confirms wedge breakout toward $0.0035. TP: $0.0035 / SL: $0.00175
- Bearish Case: Drop below $0.00165 confirms breakdown. TP: $0.00100 / SL: $0.00205
๐ Sentiment Meter
๐ Bearish Bias โ Sellers in control, weak volume structure
โ ๏ธ Risk Level
๐ด High โ Volatile price swings, unclear trend, wedge not confirmed
๐ฌ Will SLP break the wedge or flush below $0.00165? Share your chart view ๐
๐ No second-guessingโclick the chart and execute the trade. This setup speaks for itself. ๐ฅ Like, Follow & Share if youโre serious about results.
๐ข Reminder: This is educational content. No guarantees, no adviceโjust charts, data, and perspective.
SLP #TheCryptoMalik
