SXPUSDT trade ideas
๐ฅ SXP Uptrend Confirmed After Major Sell-OffIn my latest SXP analysis I talked about my expectations of a reversal after seeing some bearish price action. My initial support area was not as strong as I thought initially. However, after reaching the 0.50 area there were ample investors waiting to step back in.
On the chart you can clearly see a pattern of higher-highs and higher-lows. I think that there's still more gains to be had in this move.
Targets in blue.
What is 7-star buy and sell7-star buy and sell indicator is a scalping strategy where you buy when yoou see the buy print and sell when you received the sell print. If the candle crosses up the sell point then you buy more until you are greedy.
Recommended timeframe is 15 min but you can use it on 5 mins or 7 mins.
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SXP coin formed a bullish Shark for upto 39% pumpHi dear friends, hope you are well and welcome to the new trade setup of SXP coin with US Dollar pair.
Previously we caught more than 88% pump of SXP as below:
Now on a 4-hr time frame, SXP has formed a bullish Shark move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
SXTUSDT Forming Head and Shoulder ?Just a thought of what I see visually in the SXT chart.
1hr TF I see the 3rd shoulder completing if price drops down to complete the H&S pattern. It is also at the point in a triangle where we would expect price to break up or down.. if price does in fact drop to .65 it will be a double confirmation; break down from triangle & completion of H&S pattern..
Not advice, just an opinion based solely on visual charting & pattern recognition.
๐ฅ SXP: Scouting Oversold BounceSXP has been one of the major winners of the last few weeks, where it gained well over 270% in a very short amount of time.
However, it appears that SXP has topped for now.
I'm waiting for the first hourly oversold reading to occur before scouting an entry. Ideally, we will get in the yellow area of resistance before reversing.
Targets in blue.
SXPUSDT wants a new leg up?SXPUSDT had an amazing bullish impulse and now the market is going to retest the local demand zone. The price needs to create a new breakout to continue to the upside. IF and only if the price is going to have a new breakout we could see a new bullish impulse
According to Plancton's strategy , we can set a nice order
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Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
โซ๏ธ black structure -> <= 1h structure.
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Follow the Shrimp ๐ฆ