SLP is about to break through the range of fluctuations, and short-term operations must be seized!

The current SLP price is $0.003680, the highest price during the day is $0.003869, and the lowest price is $0.003675. The price fluctuates around $0.00368. The market currently shows a strong short-term fluctuation, but the price has approached the upper limit of the range, and it is very likely to break through in the next step. If the resistance level can be effectively broken, SLP is expected to usher in a wave of upward trend; if it falls back to the support level, short-term short operations will become a feasible strategy.

Technical analysis:

Support and resistance:

Support level: The support level of the current price is around $0.003675. Once the price falls below this position, it may further drop to $0.00360 or lower. Resistance level: $0.003869 is the short-term resistance level of the current price. Breaking through this position may trigger a wave of rising market, and the target can be seen at $0.00390 or even $0.00400.

Bollinger Band Analysis:

The current SLP price is close to the upper track of the Bollinger Band. If the price breaks through and stabilizes near the upper track, there is room for further increase, which may trigger a rapid bull market. On the contrary, if the price cannot break through the upper track and starts to pull back, it may enter the adjustment stage.

RSI indicator:

The RSI indicator is currently close to 60 and has not entered the overbought area, indicating that the market has not yet reached an overbought state. Therefore, in the short term, if the price breaks through $0.003869, RSI still has enough room to rise further, which is suitable for long operations. If RSI drops below 50, it may mean that selling pressure is increasing, which is suitable for short operations.

Short-term contract T+0 strategy:

Long strategy:

Entry position: If SLP breaks through $0.003869 and continues to stabilize above this position, you can consider going long, with a target price of $0.00390. Take profit position: The target price is $0.00390, and once it is reached, consider taking profit. Stop loss position: If the price falls back below $0.003675, stop loss should be taken in time to prevent further decline.

Short selling strategy:

Entry position: If SLP fails to break through $0.003869, but fluctuates repeatedly around this position, you can consider short selling with a target price of $0.00368. Take profit position: The target price is $0.00368. If it goes down further, you can continue to hold the position to $0.00360. Stop loss position: If SLP breaks through $0.If the price reaches 003869 USD and continues to rise, stop loss is required.