Technical analysis by miljedtothemoon about Symbol SLP: Sell recommendation (10/31/2025)

SLPUSDT.P is maintaining a clear bearish structure, continuing to form lower highs beneath the descending trendline. Price action remains under pressure after a recent retest rejection near the $0.00116 area, suggesting limited bullish strength. The active short setup targets the $0.00084 profit level, with a stop placed at $0.001836 to protect against invalidation of the current bearish bias. Overall, this is a moderate-risk short opportunity, favoring continuation of the prevailing downtrend as long as price remains below the trendline resistance.