Interesting 
SLP chart. 100% move in the past 26Hrs... Im imagining the same break&retest structure in the previous yellow sphere. @ Current price it would be a 200% move to retest the last support --> resistance level. No narritive behind this other than the technical aspect. SLP is an inflationary token and supply will rise = lowering demand (price). However, Market Manipulators could see this as an opportunity to pump price, have plebs see an extremely low value/cheap altcoin that can potentially "make new ATHs" then dump on their head as people catch knifes like the last phase of this chart (Nov 21' - Feb 22'). There is opportunity in that. NFA
SLP chart. 100% move in the past 26Hrs... Im imagining the same break&retest structure in the previous yellow sphere. @ Current price it would be a 200% move to retest the last support --> resistance level. No narritive behind this other than the technical aspect. SLP is an inflationary token and supply will rise = lowering demand (price). However, Market Manipulators could see this as an opportunity to pump price, have plebs see an extremely low value/cheap altcoin that can potentially "make new ATHs" then dump on their head as people catch knifes like the last phase of this chart (Nov 21' - Feb 22'). There is opportunity in that. NFA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.