Woohoo! Nice RideOn a 15 minute chart, I see a long upward trending channel. Notice that SXP is sitting right above the top of the upper line. If it breaks through, I see support 3.35 - 3.30. If it busts through those, I'm looking for a bounce off the bottom of the channel at approximately 3.00. Alternatively, perhaps a bounce off the top of the channel and likely taking out the previous high of 3.78 on the way to test 3.98.
Keep in mind that it's come a long way in a short period. It's due for a well deserved rest. Good luck everyone!!!
SXPUSDT
SXP 12h Where will the price move next: by $5 or by 1.30I n the previous idea, we warned or even wrote directly that it was time to take profits for longs.
Literally after that, the price of SXPUSDT dropped from $3.70 to $1.70 in a few days, which is a hard -50%
Now the SXPUSD price has again approached the $3.60-4 zone
Again, you need to closely monitor the price behavior.
A 1-2 day consolidation above the $3.60 level will give a chance for an impulse up to $5 per SXP
However, if we see false breakouts of the level on the chart again, like last time, then the price of SXPUSDT will first go down to $3.00-3.10
And below this level, a way will open for a fall to $1.3
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SXPUSDTLooks like an interesting coin for now.
It does have the potential to see new highs... I might get into it myself,
but before that, we have to wait and see if it can breakout that resistance (as shown on chart).
After the breakout was confirmed above the resistance, its good to go!
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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