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SXPUSDT Retracement In Play, Get Ready! 📉SXP is bullish this month. Keep an eye on it. Moon Cup formed on the daily or otherwise called Cup-and-Handle . Then a huge parabolic move, close to the ATH of $5 . Bulls failed to push higher beyond known Resistance of $3.5 area. Bears took over for a ride down. Though after the latest rally, it is crypto-logical to see a retracement before returning to hit ATH . Support levels on the way down at $2+ and another near Pivotal zone Death Cross already in play on EMA, 1H. I expect a bounce from Yellow Zone , near 618 Fibonacci. If broken, we go lower near Red Zone except Bulls show great courage. You may set buy entry near the zones, employ DCA in your buying strategy. I have my trap at $2.53 . if it drops lower, I will buy more using DCA . SXP was moving irrespective of BTC , hope to see more of it again. Follow 🚶 Like 👍 Share your thoughts !
Long
by CryptonKidd
3
SXP looking real good! (continuation)Nothing to more to say. Took a small dip under it's strong support as the whole market and is looking to move against BTC on it's next leg up. Patience, patience will make you wealth long term. If you didn't sell or bought the bottom congratulations. RSI very clearly smashed through its resistance and now is battling it's daily moving average. *Small victories wins the battle* I want you to yell with me the immortal one word message of Pheidippides to the Athenians from Marathon NENIKIKAMEN! (WE HAVE VICTORY) But only we have won the long term battle.
Long
by WeAreSat0shi
4