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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SXPSXP has turned into a real piece of Shit. Many on twitter feels its manipulated. It doesn't look strong IMO.
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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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