SXP
SXP/BTC (Testing Major Support?)KUCOIN: SXPBTC
-Swipe is now testing key support area at 16000 sat
-And forming a descending channel which is bullish in technical pattern
-To trade this pattern, the safest approach is to wait for breakout direction (upside)
-Once the breakout is confirmed to the north, strong buying present will start to jump in
-The upside potential is up to 36000 sat or higher
-100D MA is already approaching the price and will likely once starts consolidating
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Rising Wedge, Swiping soon downTargets on the chart. Short it from 27-28k sats.
Not a financial advice. Do your own research.
SXPSXP has turned into a real piece of Shit. Many on twitter feels its manipulated. It doesn't look strong IMO.
The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
SXP long from 2.6, dont get shakeout by the chopBefore a big move we can see big shakeouts on all coins, this is a tactic that work everytime to punish overleveraged longs and late longs.
Long signal active from 2.6 area with my indicator.
This is going to break upwards pretty hard.
SXP starting a parabolabroke over descending trendline and key horizontal level. Now retesting key level.
Huge Potential For SXP SXP ( Swipe looks like its forming an ascending accumulation channel in the 4hr and 1 day timeframe , do DCA in the dips at the bottom ascending line ..
Once it does a breakout around 28000 satoshis ,Take profit 1 at 32000 sathoshis & profit 2 at 40k satoshis
and carry the rest of your holdings for a further upside and price discovery past the major resistance at 42k
This could happen around sep. Enjoy !
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