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SXP / TetherUS

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SXPUSDT trade ideas

SXP/USDT Bulls Take Charge..?!!👀 sxp today analysis💎Currently, SXP is trading within a wedge pattern, following a strong trendline and the exponential moving average of 200. 💎Due to market uncertainty in recent days, SXP has experienced significant price fluctuations. At present, SXP is in a high-demand zone. 💎 If it breaks the tight wedge pattern and maintains price momentum at EMA 200, it is ready for a substantial bullish move. 💎if the price fails to hold a strong support area, it might result in another lower low in the downward direction. 💎In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey!
Long
by MyCryptoParadise_Simon
2
SXPUSDT wants the pullback?SXPUSDT has been following a pattern where the price consistently moves lower within the boundaries of this channel. At present, the market is testing the lower trendline of the channel, which represents a crucial level of support. Based on technical analysis principles, there is a possibility that the price might undergo a pullback from this lower trendline. Traders who adhere to Fibonacci retracement levels may anticipate a potential pullback until the 0.618 Fibonacci level. This level is often regarded as a significant retracement level in Fibonacci analysis. Following the pullback, it is anticipated that a new bearish impulse could occur, potentially pushing the price towards the 0.37 $. This level is considered a demand zone in the market, meaning there is a higher probability of buying interest and potential support at this price point. In accordance with the trading principles suggested by Plancton, a trader might consider taking a short position on SXPUSDT based on this analysis. This would entail selling the asset in anticipation of a further decline in price, aligning with the projected bearish movement. ––––– 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
2
Sxp Looks Promising Here SXP is showing signs of a bullish pennant breakout on the chart, which is a technical pattern that can indicate a continuation of the previous uptrend. This breakout has already been confirmed, suggesting that the stock could potentially move towards $1. Traders who are interested in taking a long position on SXP may consider doing so now, while the stock is still trading at a relatively low price. It's important to set a stop loss at a reasonable level to manage risk, in case the stock doesn't perform as expected. Remember: We only give ldea's from our experience and knowledge, it does not mean that it will be 100% correct, the market is always unpredictable, anything can happen anytime. Always trade with your own research and knowledge
Long
by Crypto-By-Ghazi
SXP LONG PERFECT REBUY ZONEInstitutional traders will massively rebuy this level: 0.4598 - 0,4550. After a mid-term downtrend we could backattack our untested Pandora´s box with expected profit 5 to 10 percent in case the order would get filled. SXP is currently respecting our backside and frontside trend on higher and microtmrfs. REBUY ZONE: 0,4598 - 0,4550 USING VERY TIGHT STOPLOSS - 15. MIN. CLOSE OF THE CANDLE UNDER 0,4549. THE WHOLE BODY OF THE CANDLE MUST CLOSE UNDER THE LVL. Little advice for today: Start your market analysis with highest tmfr possible and always chase for the best entry.
Long
by VIPCRYPTOTRADING