$SLP just pumped hard… but I’m not fully convinced yet

Yeah the move looks strong, but if you look closely, it already faced rejection near the top and now it’s just moving sideways. That usually means the market is deciding what to do next.

Right now it’s sitting under resistance around 0.00085–0.00090. If it can’t break this properly, there’s a high chance we see a pullback from here.

I’ve seen this many times — people start chasing after the pump, and that’s exactly where the move slows down.

SLPUSDT

Perp

0.0007209

+5.85%