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SXP / TetherUS

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SXPUSDT trade ideas

SXP has been rallying well over the past few weeksSXP has been rallying well over the past few weeks, and the buying pressure that started at the bottom of the long-term descending channel suggests that the support at $0.20 could be one of the strongest retracement ranges for the long to medium-term. But note that these strong retracement moves on the weekly time frame can take the trend out of the fully bearish mode on the weekly time frame. In the last 24 hours, the currency has registered more than 20% price growth, creating a static break of the $0.32 resistance zone. Due to the heavy volume of trading done yesterday, as long as the SXP support is maintained in the $0.280-$0.290 range, we can expect the price growth to continue to the resistance in the $0.460-$0.490 range. Note that in the daily timeframe, the price trend is inside a smaller descending channel, and the ceiling of the channel was hit yesterday. Therefore, price correction can still be accompanied by demand until the previous floor of the spike candlestick is broken. One of the most reliable short-term supports is considered in the range of $0.301 to $0.306.
by MonoCoinSignal
1
SXPUSDT needs to hold the supportSXPUSDT has recently encountered liquidity at the 0.1965 level. This indicates that there was significant buying pressure at that price point. However, the price then faced rejection at the 0.786 Fibonacci resistance level, suggesting that there may be strong selling pressure at that level as well. In order for the price to continue its upward trend, it will need to hold the 0.2741 area of dynamic support. This means that the price should not fall below that level, as it would indicate a loss of bullish momentum. Overall, this technical analysis suggests that the price of SXPUSDT is currently facing resistance at the 0.786 level, but may be supported at the 0.2741 level. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
6
SXP USDT LONG 4H TIMEFRAME - I use Fibonacci retracement 0.5 and 0.618 from previous swing high to low for entry point , and wait for candle to retest The EMA 21/34 to bounce back rally uptrend - Take Profit at Fibonacci 0.5 or 0.618 for 20.28 % gain ( use any leverage based on your trading system , and always use proper money management !! ) - If Price break the yellow zone, trend is changed and the price will drop, long position is invalid - Thx for reading my post, Have a good day everyone : ) , Always DYOR and be a smart trader
Long
by RyanSwingGBPKing
4
SXP/USDT Reversed H&S patternHey, traders Let's take a look at SXP coin here. Well first thing we notice here is reversed Head&Shoulders pattern which is in the narrow of yellow path. Well here is a good possibility for a bullish run but to ensure that we need to break that yellow resistance zone as well which is just below EMA100. What do you think guys? If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Long
by SwallowAcademy
4
SXPUSDT-FUTURE-1HI just identified SXPUSDT with nice SHORT position. At this time, price created lower top, it is as valuable consideration that bear movement will happen. Beside, I also check other considerations: 1. RSI: RSI line is moving down from the top. 2. MACD. MACD histogram is moving down. 2. Candle stick pattern: Bullish engulfing completed. Because of these reasons, I propose SHORT idea as below: - Entry price: Current price. - Take-profit price: 1. 0.33xx, 2. 0.322x - Leverage: 10-15x. - Stop-loss price: 0.36xx-0.37xx. Additionally, I also checked's movement and it tells us it is good time for making SHORT position at this time. Please refer to following related idea link for reading my detailed analyst of BTC's movement
Short
by Viktortea