SXPUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 2.8 - 3.1 - 3.5
after first target reached move ur stop to breakeven
stop: ~1.9(depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3
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Sxpusdtidea
SXP 1D Pattern "Cup with handle" and growth target $60On the fall in May, SXPUSDT buyers showed once again that they are not planning to let the price go below $1.30. By the end of July, the price of SXPUSD once again dropped to a strong mirror level of $1.30 , from which buyers began to drive the price up. SXPUSDT price growth at the moment shows more than +100%
If we look at the SXPUSD chart globally, we can assume that the "Cup with a handle" pattern is being forming now.
For the full completion of the formation of the "Cup with a handle" pattern, the SXP price needs to rise to the area of $5.50.
Well, when the pattern will be formed , and a positive attitude prevails on the crypto market itself, then we will need to fasten your seat belts)
Since the path will open for growth first to $10-11.
Further correction and continued growth to $25 .
And the icing on the cake can be " $60 for the SXP ", as the final global TP of working out the "Cup with a handle" pattern.
Eh, dreams — dreams :)
What do you think about such a scenario? Write in the comments!
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SXPUSDT Cup & Handle PatternSXPUSDT Cup & Handle Pattern Completed in 1D Candle.
SXPUSDT took 9 months to complete the pattern and also neckline broken. It's currently in Accumulation Process and I am expecting a +85% move from here in the next two months.
NOTE: DO YOUR OWN ANALYSIS. DO PROPER RISK AND MONEY MANAGEMENT. SPOT TRADING ONLY.