$SLP is sitting at a make-or-break zone where fear is high and opportunity is quietly forming. This is where impatient traders exit and strategic players prepare.
Market Overview
$SLP has been moving sideways after a deep decline, showing signs of base formation. Downside momentum is weakening and price is respecting demand. A volatility expansion is expected once this range breaks with volume.
Key Support Zones
Primary support: 0.0022 – strong demand and accumulation zone
Secondary support: 0.0020 – critical structure level
Invalidation: Below 0.00185 on a daily close
Key Resistance Zones
Immediate resistance: 0.0026
Major resistance: 0.0030 – trend shift level
Trade Setup
Long scenario
Entry: 0.0022 – 0.0023
Target 1: 0.0026
Target 2: 0.0030
Target 3: 0.0036
Stop loss: 0.00195
Short scenario
Entry: Rejection near 0.0030 – 0.0032
Target 1: 0.0026
Target 2: 0.0022
Stop loss: Above 0.00335
Bias
Bullish while holding above 0.0022
Bearish only if 0.0020 breaks with strong volume
SLP is not dead, it is dormant. The next move will reward patience and punish emotional entries. Trade the level, not the noise.