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SXPBTC

SXP LONG FOR LONGTERM!SXPBTC has a strong resistance/support area around 6800 sat which is brokenout to the upside with good volume around 2 weeks ago. Yesterdays sell off does push the price down below that area but it goes back up therefore im optimistic for the future. If we can hold the green uptrendline, price movement can go a lot higher with %500-600 return to the ATH. Price looked like it ll form an M pattern on bolinger band but it didnt and price go even lower and right now its in the middle. Macd is bearish and volume is not low, rsi is around the middle going down. All of them are bearish signals but as long as we hold 6800 sat area im still long on sxp. Even price breakout to the downside i ll see this action as buy oppurtinity and wait for to buy!
Long
by thegreatwall38
SXP break out soon ?? 📢 Hello Traders. Hope you are having a brilliant day. Well, I want to talk about SXP on 4H chart. As you can see, price lately broke the yellow resistance line with a nice green candle. What now? I think price is going to make a compression under the purple resistance which is ATH and then breaks out. Best buy positions are : 1) Pullback to the yellow line ( around 4.5$) 2) When it breaks the purple resistance and consolidates above or pullbacks to it. 🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades. 🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders. If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis. Thank you guys for reading my idea on SXP and don`t forget to comment what you think. ✌
Long
by Existansilon