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SXPBTC

SXPUSDT (SXP) - POTENTIAL BREAKOUT ANALYSIS 🔎 - SXPUSDT is consolidating in an ascending triangle pattern. - This is a bullish build up pattern. - Price testing the ascending triangle's horizontal resistance. - There's an upward breakout potential. BUY ENTRY ⬆️ - Breakout above the ascending triangle's horizontal resistance. TARGETS 🎯 - Fibonacci extension levels. - Projected ascending channel resistance. SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
Long
by Chibuike_Odoh
2
Is SXP looking for a bottom?Hello, SXP is part of the Binance family, and from the fundamentals point of view it has very high chances to approach the crypto.com dimension in the future. Since it was bought by Binance, the project has been in a continuous sell-off, but I think this direction is quite close to the end. I expect that in the coming weeks the price will find a floor, which is why I will use part of the profits obtained with other projects to establish many purchase orders placed between $ 0.2 and $ 0.65. Good old DCA for this one :). My intention is to reap the fruits in a longer term: 6-18 months. Currently, the price has dropped more than 88% compared to ATH, but it will be able to go even lower, especially if Bitcoin will have a serious correction. It would not surprise me that SXP reaches a decrease of 95% -98% compared to ATH. Happy New Year! Sisif
SLong
by Sisif_trader
2