Will #SLPUSDT Breakout or Break Down? Key Levels to Watch Now

23 oct

Yello, Paradisers! Is #SLPUSDT on the verge of a breakout, or is a sell-off looming? Let's dive into the crucial signals and strategies that could shape the next big move of #SLP.

💎#SmoothLovePotion is showing promising signs of a potential bullish continuation from the key bullish order block (OB) at $0.00218. After breaking above the descending resistance, the path is being cleared for a move higher. However, for this momentum to truly hold, the price must remain steady above the bullish OB. This could set the stage for a breakout above the internal resistance zone.

💎We’re not in full breakout mode just yet. For a confirmed bullish move, #SLPUSDT needs to decisively break above the internal resistance at $0.0034–$0.0037. Look for strong engulfing candles and consistent upward momentum to signal that the market is gaining strength. Without these signs, jumping into trades prematurely could expose you to unnecessary risk.

💎Yet, the risk of fading momentum is always on the table. Should #SmoothLovePotion fail to break above $0.0037 and show signs of weakening, sellers could start to dominate. In that case, all eyes should be on the critical support level at $0.00218—a level that has proven resilient in previous dips.

💎If $0.00218 holds, the bullish outlook remains intact. A bounce from here could reignite buying pressure. However, a break below this level would invalidate the bullish setup, potentially triggering a sharp decline toward the next demand zone at $0.00154. Should this demand zone also give way, a more significant drop may be on the horizon.

Don’t let FOMO get the best of you; wait for clear confirmations before making your move.

MyCryptoParadise
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