SXPUSDT trade ideas
Buy Trade Strategy for SXP: Capitalizing on Fundamental StrengthDescrizione:
This trading idea focuses on SXP, the utility token behind the Swipe ecosystem, which bridges the gap between cryptocurrencies and traditional financial services. SXP has seen increased adoption due to its role in facilitating transactions on the Swipe platform, including payments and decentralized finance (DeFi) activities. With its expanding partnerships and integration into various digital payment services, SXP presents a compelling investment opportunity for those looking to tap into the future of crypto-fintech innovation.
However, it's essential to be aware that the cryptocurrency market is highly volatile. Regulatory developments, market sentiment shifts, and economic factors can quickly influence SXP's price. As always, it's important to approach cryptocurrency investments with a long-term perspective and a clear understanding of the risks involved.
Disclaimer:
This trading idea is for educational purposes only and should not be interpreted as financial advice. Cryptocurrency investments, including SXP, are inherently speculative and come with significant risk, including the potential for a total loss of capital. Always do your own research, consider your financial situation, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future outcomes.
#SXPUSDT ( red line )A beautiful gesture can be that
Break the very strong red resistance line upwards and stabilize above it.
This is where it should be monitored
so wait & watch it.
SXP roaring...SXP is roaring high with our continuous FBuy prints. with good volume and positive sentiment, we expect a further increase till 0.35 area
DYOR
For Indicator access you can message me
Putting a buy order at 0.2210 for $SXP#SXP is going to correct a little bit, but then I see a strong bounce at $0.22 level, where I'm going to opening a long position with a leverage of x20 until the first TP at$ 0.24, with a major target of $0.25.
From there my opinion is that it will correct a little with that resistance, but once it breaks it it will pump like crazy (start of the ALTs bull run IMO)
Opening a short position on $SXPShort squeeze short position for an expected breaking of the support line.
Take profit at $0.225-0.22 because after that it will bounce.
$SXP opening a long leverage I'm opening a long leverage x10 for the imminent breaking of the resistance, with a possible TP at $0.25
SXPUSDTSXP ~ 1W
#SXP Go back to this support block. if you have Conviction on this coin,. This is a great time to make purchases in stages.
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.
#SXP Technical Analysis in a Daily TimeframeHello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.
Follow me for:
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~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
The last 24 hours have been outstanding for SXP, with a massive 70% rally. The breakout from the resistance trendline led to a mega-pump toward the higher resistance without any retest.
Currently, SXP is facing rejection at the $0.3133 resistance. If it fails to close above this level on the daily timeframe, a correction is likely.
The primary support for SXP is at $0.2424, while the lower support or accumulation range is between $0.19 and $0.21.
Here are the key levels to consider:
- Primary Resistance: $0.3133.
- Primary Support: $0.2424.
- Crucial Point: A breakout above the $0.3133 resistance in a daily timeframe.
- Accumulation Range: $0.19-$0.21.
Note: Any changes in the accumulation range will be updated based on price movement.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you
#PEACE
SXPUSDT.P LongSXPUSDT.P Long
Entry - 0.2890
TP - 0.3536
SL 1-2%
Use low lev and margin only!
DYOR
TYOR
NOT A FINANCIAL ADVISE!
Happy trading!
SXP superb After receiving multiple buy and Fbuys on the 15 min radar, SXP tried to break our sell point and couldn't and go exhausted. So a short is a sure short
Target1 : That blue line (May test and try to go up as it did before)
Target2: Lower green line
Target 3: Hell (Depends upon BTc)
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Solar Goes Bullish (High Volume Precedes Bullish Wave)Today, Solar (SXPUSDT) produced a very strong bullish breakout. This bullish breakout is supported by high volume. Really high volume precedes a major bullish wave. This can be confirmed by looking at past action (left side of the chart).
➖ We looked at Solar vs Bitcoin (SXPBTC) recently and this pair is also bullish.
What you are seeing is only the beginning of a major bullish wave for this pair that will be true also for the rest of the Altcoins market.
➖ The Altcoins are heating up? No!
➖ The Altcoins are growing strong now? Yes!
Thank you for reading.
Your support is appreciated.
Namaste.
SXPUSDT KEY LEVELSExplanation:
This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit
This trading opportunity is based on volume, previous price, and price range , are included
Entry/Exit point's:
- It has very easy entry and exit points
- In this pair of lines with two colors are given (RED AND GREEN)
- In this the GREEN line is used to take long entry and the RED line is used to take short entry (But it is all based on a more conformation from your trading plan)
Stop Loss/Take Profit:
Stop Loss
- According to this, if you take a long trade, its stop loss will be the RED line just below ( A trade can exit either when the price crosses the RED line or the 5 minute candlestick crosses the RED line. (This can be done according to your preference) )
- A short entry should use the opposite rules to a long entry
Take Profit
-When you take a long entry according to the profit to be booked is on the next RED line above. ( Or if there are other reasons, it can be a safe exit )
- Opposite rules for booking profit on long entry are to book profit on short trade. ( The GREEN line above is the stop loss of short entry )
Timeframe:
According to this, the time frame you should use while taking trades is 15 minutes time frames . (15 minute time frame works well in this)
Risk Disclaimer:
Leave a comment if you like my entry setup. This share is for educational learning purposes only, and I am not responsible for your profit or loss. Note: For more details, check the chart.
Major Move Imminent for #SXP! Will It Breakout or Break Down?Yello Paradisers! Are you ready for what's next? #SXP is approaching a crucial point, and we need to be prepared for all possible scenarios.
💎Currently, #Solar is trading within a descending channel and nearing a key demand zone. The price is testing a critical level around $0.224, which could lead to a significant bullish breakout if sustained momentum is achieved.
💎Should this occur, we could see #SXPUSDT challenging the descending resistance and aiming for the major supply area at $0.3061.
💎A breakthrough above this supply zone could trigger a substantial bullish rally, potentially pushing the price toward a strong resistance level. However, we must also consider the possibility of rejection at this supply area.
💎If #SXP faces resistance here and loses momentum, we might witness a bullish rebound from the solid support at $0.195.
💎Falling below this support could indicate a prolonged bearish trend, with #SXP continuing to trade within the descending channel.
Stay focused, patient, and disciplined, Paradisers!
MyCryptoParadise
iFeel the success🌴
SXPUSDT Update:A technical analysis update on the TSX:SXP (Swipe) cryptocurrency!
So, you're seeing a breakout from a descending channel in the 1-day timeframe, which is a bullish signal. This suggests that the price may be preparing for a potential upward move.
- 1D timeframe: The breakout is occurring in the daily chart, which is a relatively short-term perspective.
- Expecting bullish wave: You anticipate a price increase in the coming days.
SXPUSDT 1DThe #SXP daily chart shows a falling wedge formation. Consider buying a small amount and holding. The targets are:
$0.2825
$0.3376
$0.3822
$0.4268
$0.4910
$0.5710
#SXP/USDT is only bullish untill it breaks the Diagonal Trendlin#SXP/USDT is only bullish untill it breaks the Diagonal Trendline in 4-Hour TF!
TSX:SXP must clear the PWH $0.2515 resistance level, and the local support level is PWL $0.195.
SXP upside targetWe just took a long position on SXPUSDT. The key resistance area is near the 61.8% Fibonacci level and the top of the ascending channel. Should the price reach our target, it will result in a solid 20% gain!
SXPUSDT 1WSXP ~ Update
#SXP Fulfill our Purchases. this is a very good buy in our opinion. Our target is at least 20%+ from here.
SNX/USDTSNX should be a short for now, invalidation is breaking and claiming supporting on trendline.
SXPUSD 12HSXP ~ 12H
#SXP Make purchases gradually after successfully breaking through the resistance line of this pattern. with a minimum target of 15%+
SXPThis cryptocurrency is at the support level of 0.3362.
Take a short-term swing with the first target at 0.3566.
