SXPUSDT UPDATE!!!!!!Hi Traders,
We're currently sitting own a 12% increase just today. No signs yet of sellers taking control. If this trend continues there will be a good entry for a short term long, if not look for an entry back to the downside once more selling takes place.
Thanks
The Market Sniper Team
SXPUSDT
$SXP/USDT 3h (Binance Futures) Head & Shoulders + Triangle breakSwipe broke-down that H&S and is retesting the neckline right now, I believe it's a good timing to enter.
If managed to break-out then red trendline and enter back inside the ascending triangle then we'd rather switch to long!
Current Price= 0.9360
Sell Entry= 0.9329 - 0.9569
Take Profit= 0.8769 | 0.8124 | 0.7371
Stop Loss= 1.0018
Risk/Reward= 1:1.2 | 1:2.33 | 1:3.65
Expected Profit= +14.40% | +28.04% | +43.98%
Possible Loss= -12.04%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 120h
✳️Swipe/USDT Analysis (15/1) #SXP $SXPSXP may not be able to rise in the coming days but will fall sharply from $1 zone to $0.6 zone and then rebound back to $1 zone and will rise sharply after February 12 (Lunar New Year).
If $0.6 zone continues to lose, it will slowly fall back to $0.4 zone, which is a good zone to buy.
📈BUY
-Buy: 0.55-0.6$. SL B
-Buy: 0.95-1$. SL B
📉SELL
-Sell: 0.95-1$. SL A
-Sell: 1.3-1.35$. SL A
-Sell: 1.65-1.7$. SL A
♻️BACK-UP
-Sell: 0.55-0.6$ if B.SL A
-Buy: 0.4-0.45$. SL B
-Buy: 0.95-1$ if A. SL B
-Sell: 1.3-1.35$.SL A
-Sell: 1.65-1.7$.SL A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
SXP 12h H&S reversal and up or false hopeAnyone who has been following our ideas for a long time should remember that we wrote about SXPUSDT for 60 cents back in September.
Then, in the previous ideas, we confirmed that the target is relevant and this happened)
We hope that those who hated us in the previous ideas have successfully purchased)
Because we need to trade according to what the chart draws, and not how the "wants" suggests.
And now, on the horizon, there is finally a ray of hope for growth.
Possibly H&S reversal pattern is forming on the chart.
If the price can fix higher, while the impenetrable zone, $1.10-1.30, then there will be a super chance for the SXPUSDT price to grow to $2.80.
Fly in the ointment: if the price fixes below $0.68 and the level $0.6 also be broken down, then the price will fall to $0.36.
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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.