Can SLP rebound after the pullback? Intraday operation strategy and short-term trend forecast market opening

The current SLP price is $0.003378, and there has been a small intraday fluctuation, and the market is slightly tired. In the past 24 hours, SLP has reached a high of $0.003450 and a low of $0.003300, showing a relatively obvious range-bound fluctuation trend. In the short term, SLP faces a strong support level, but if it cannot break through the upper limit of the current range, it may continue to fluctuate or pull back.

Technical analysis and key points

Support level:

First support level: $0.003300 Second support level: $0.003250

Resistance level:

First resistance level: $0.003400 Second resistance level: $0.003450

From the 1-hour K-line chart, SLP currently forms a range of fluctuations, with prices running between $0.003300 and $0.003450. The RSI index fell back to around 50, indicating that the market is in a wait-and-see state and has not yet formed a clear trend. MACD shows weak upward momentum, but the momentum column is short, indicating that it may face a correction in the short term. The upper track of the Bollinger Band is around $0.003450, suppressing the upward space of the price.

Short-term contract strategy

1. Long strategy

If the price falls back to around $0.003300, it is recommended to go long with a light position, set the stop loss below $0.003250, and the target price is $0.003400. If it breaks through this resistance, it will further reach $0.003450. Recommended leverage: 3-5 times, suitable for conservative investors to look for low-level buying opportunities during pullbacks.

2. Short-selling strategy

If the price fails to break through effectively after reaching $0.003450, and there are signs of stagflation or decline, you can short with a light position near $0.003440, set the stop loss above $0.003470, and the target price is $0.003350, and further down to $0.003300. Recommended leverage: 5-8 times, suitable for aggressive investors to take advantage of short-term corrections to seize fluctuations.

Summary

SLP's current volatile trend suggests that it may continue to maintain range consolidation in the short term. When operating in the short term, attention should be paid to the breakthrough of key support and resistance levels. If the price breaks through the upper resistance level, it may usher in a short-term rebound; if it encounters resistance and falls back, flexible short-term adjustments need to be made. It is recommended that investors strictly set stop losses when operating, control position risks, and adjust strategies in a timely manner based on market dynamics.$SLP