$SLP Smooth Love Potion (SLP) is printing a massive bullish engulfing candle on the 4H chart today! After a long period of accumulation, the volume is finally kicking in, and the bulls are charging. 🐂
Technical Breakdown:
Price Action: We are seeing a clean breakout above the local resistance zone. The momentum is undeniable.
Volume: A huge spike in buy orders indicates institutional interest or a massive retail wave.
Indicators: RSI is trending up, signaling strong buying pressure, while the MACD crossover suggests this trend might just be getting started.
Why is it trending?
GameFi narratives are heating up again, and SLP is often a leading indicator for the sector. Is Axie Infinity preparing a comeback, or is this a purely technical breakout?
👀 What's your play?
Are you entering here or waiting for a retest? Drop your price targets in the comments below! 👇
