SXP 12H Earned, it's time and honor to have, the final chordHello, today is the time to update the idea for SXP since the H&S pattern has fully worked out its potential.
We described in detail about the H&S and goals for growth in the previous idea, who believed and used it - made good money.
Now what?
Now the price of SXPUSDT is approaching the levels, where the time comes to fix your longs a little bit.
I n the area of $3.60-4 , a protrade is possible, the logical completion of which will be an impulse.
We are not psychics to clearly name where the price will move next, but we recommend that you closely monitor the price behavior in this zone.
The impulse can equally shoot up by $5 and down to the area of $2
The absolute maximum of the SXPUSD price passes about $5, and so far we cannot believe that the maximum will be updated the first time.
Now, in our opinion, a deep correction is more likely.
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2 possible scenarios with the news/ price extension (discovery)Long-term (price discovery possible)
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🆓Swipe/USDT Analysis (15/2) #SXP $SXPSXP is in the correction phase after rising sharply from January to now. This rapid decline is usually a good sign for an uptrend in the near future.
1.8$ zone is a reliable support zone to push SXP pumping up to 2.6$ zone to conquer and up to 4$ zone by the end of this February.
If $1.8 zone fails, then $1.25 zone is a reliable support zone that is sure to have a strong buying force that is easily profitable.
📅NEWS
👉Feb 28 : Swipe Ignition
👉Apr 30 : V2 Wallet App
📈BUY
-Buy: 1.70-1.80$. SL B
-Buy: 2.55-2.65$ if A. SL B
📉SELL
-Sell: 2.55-2.65$. SL A
-Sell: 3.90-4.10$. SL A
♻️BACK-UP
-Sell: 1.70-1.80$ if B.SL A
-Buy: 1.22-1.27$. SL B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
$SXP/USDT 3h (Binance Futures) Head & Shoulders + Triangle breakSwipe broke-down that H&S and is retesting the neckline right now, I believe it's a good timing to enter.
If managed to break-out then red trendline and enter back inside the ascending triangle then we'd rather switch to long!
Current Price= 0.9360
Sell Entry= 0.9329 - 0.9569
Take Profit= 0.8769 | 0.8124 | 0.7371
Stop Loss= 1.0018
Risk/Reward= 1:1.2 | 1:2.33 | 1:3.65
Expected Profit= +14.40% | +28.04% | +43.98%
Possible Loss= -12.04%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 120h