SXP
SXPUSDT ( Channel Breakout)#SXPUSDT ( 1H chart) Technical Analysis Update
Channel Breakout
SXP/USDT currently trading at $0.845
Long Entry-level: Above $0.90 (Enter long after 1 h candle closes above $0.90
STOP LOSS: below $0.79
Reisstance level 1 (Target 1): $1.05
Resistance level 2 (Target 2): $1.180
Max leverage: 3X
ALWAYS KEEP STOP LOSS..
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SXP swipe ; have we reached the bottom finally?? Pretty self explanatory. Is this the bottom?
This things been going down for quite a long time. For a Binance backed and integrated project that is quite odd. WHEN it does go I bet it will go fast and big.
Lets see if this is the path it will take. I could see it flat lining for quite awhile before popping up as well.
SXPUSDT (Descending Channel Breakout)#SXPUSDT (Day chart) Technical Analysis Update
Descending Channel Breakout
SXP/USDT currently trading at $1.03
Long Entry-level: $0.90 to 1.05
STOP LOSS: below $0.76
Reisstance level 1 (Target 1): $1.26
Resistance level 2 (Target 2): $1.85
Resistance level 3(Target 3): $2.50
Max leverage: 2x
ALWAYS KEEP STOP LOSS...
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SXPUDT An update on SXP / USDT with my short-term vision where I hypothesize a movement with a first target of 0.750, confirmed by the breakout from the channel in blue, the minimum at 0.600 seems to me a nice retracement level from which to start again. Long-term SXP remains in a bearish channel for now
SXP can bulls win this time?Hello
I have spotted bullish divergence on SXP, bears made a lower low with less strength.
With current market conditiosn I think price should recover a bit (1-1.5 X).
IN such dynamic market I reccomend to not use leverage just spot.
Good LUCK
This is not financial advice. It is only for fun.