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SXPBTC

SXP/BTC (Retest Key Support?)SXP/BTC -Swipe is testing the Key support area again around 23800 sat -This region is a confluence of previous resistance turned support -The 0.618 Fib level also coincide and the 200MA dynamic support as well -We can also see the upward trendline of support starting from July 27 trading -Two option to enter this market condition -Opening buy position at current market price -It is aggressive but the reward is huge if SXP will continue its uptrend -But the risk involved is much higher since there is not enough confirmation yet -If you want to enter with less risk, you could wait for the break of local resistance -Buying above 27000-28000 sat will give extra confirmation that the uptrend is about to resume -The choice is yours, what is your risk trading appetite? -Please always plan your next trade -Exit if becomes invalid and take profits once in good condition
Long
by PolarHusk
SXP/BTC is up for a major breakout... 77% and more in the makingSXP/BTC is at an interesting point in this trading price action. It is at the tip of the triangular shape formed by the dynamic support and resistance trendlines that have been traced on the chart There are only two ways price can go henceforward... its just a matter of time. It either goes up or goes down to eventually go up again... In the eventuality it most likely goes up in price, the profit trajectory has been mapped. It should go up by 77%, hitting a price of 0.00051btc Entry point: 0.00028 - 0.00029 btc Take profit: 0.00051btc like my post If you like my trading idea, follow me for more trading ideas
Long
by abasinkanga