Quick SPX Scenario for Retesting Lower Support zoneBINANCE:SXPUSDT
BINANCE:SXPUSDT
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
0.2629
0.2596
0.2560
0.2510
🔴SL:
0.2783
🧐The Alternate scenario:
If the price stabilizes above the trigger zone, the setup will be cancelled.
Sxpusdtshort
Long and short term explanation SXPUSDTSXPUSDT:
1-Large amount of short liquidation has been received, the level of liquidations received is in a downward trend, this indicates that the price has risen with sufficient saturation,
2- 77% Short 23% Long position open
3- Open interest came to the fore, I think it is due to the short poses opened
4 – While the CVD future market continues to increase, we do not observe the same situation in the CVD Spot market. We should see them rise together in quality increases.
That is, the rise is future-based and valid in a short time period (1 week or less).
5-Our funding cost is -0.75 due to a serious short exposure.
If you are going to pose for a short time, take a pose by paying attention to the cutting hours of the fee fees.
Summarize for us, I don't understand what you wrote, Well bro, in short, in the SXP rise, we will observe a sharp wick up, maybe a hard wick with the loads, and then a sharp decline until the market maker's eyes are saturated with short liquidation. There is an extremely short pose, everyone sees what I see in the market and they are aware that the rise is artificial, they carry short poses as far as they stand.
In the short term, we can see sharp movements(volatility), but if BTC stays at its current price, in the long term, the price will return to the point where it started to rise.
SXP BREAKOUT! READY TO PUMP 170%Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
LONG #SXP breakout this falling wedge pattern currently it is retesting.
ENTRY: CMP and add more in dip up to $1.5223
SELL- 170%
LEVERAGE: 5X
STOP LOSS: $1.435
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