SXP has seen a strong H4 candle this morning. After yesterday's sell-off, some cryptos are reversing rather quickly, SXP is one of those. This trade is based on the idea that, after yesterday's sell-off, the crypto market will see a strong rebound. Just like it has been doing for the last couple of weeks.
On the chart I’ve marked two potential areas of resistance, $4 and the all time high area around $5. Do your own due diligence.
Happy trading!