$SLP Trading Strategy
1. Scalping Strategy for Short-Term Traders:
Entry Point: Wait for a retracement to around $0.003400 or $0.003350.
Target Profit: Set sell orders near $0.003900–$0.004000 (close to the recent high).
Stop Loss: Set stop loss below $0.003200 to minimize risk.
2. Swing Trading for Mid-Term Gains:
Entry Point: Enter if the price stabilizes above $0.003600 after a slight pullback.
Target Profit:
First Target: $0.004000.
Second Target: $0.004200 (if momentum continues).
Stop Loss: Below $0.003200 (to avoid heavy losses).
3. Breakout Strategy:
If the price breaks above $0.003950 with significant volume, enter a long trade.
Target: Aim for $0.004500–$0.005000.
Stop Loss: $0.003800 (to protect from false breakouts).
Support Level: Around $0.003200 (based on previous consolidations).
Resistance Level: Around $0.003950 (24h high).
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