#SLN

SLN has fallen nearly 10 times from its high point after it went online. It is a new project launched in February. The initial launch was OK, but due to the problem of locked area, many users could not find it and could not trade normally. The lack of liquidity is also one of the reasons why the price has been falling.

SLN involves fields such as AI, web3, defi, NFT, etc. It is also very popular on Twitter. It has also cooperated with Matic to release an NFT. At that time, there were 680,000 coins held.

The current market value is only more than 13 million, and it has rebounded in the past two days. The daily level has a stop-loss signal. After all, this price has reached the cost of the project and vc. There is little room for further decline. Moreover, the current circulating market value is only 10 million. It must come out to protect the market, otherwise the project will be cold after being launched for so long and will also face the risk of being delisted by Europe and Italy!

Once this position completes the bottoming out, there is still a lot of room for upward volume. Just set a small stop loss to try to get a bigger space. The current price is 0.84u, so you can open a position directly. Set a stop loss if it falls below the new low. The expected increase above is more than 50%!