Sxptoken
SXPUSDT Retracement In Play, Get Ready! 📉SXP is bullish this month. Keep an eye on it. Moon Cup formed on the daily or otherwise called Cup-and-Handle .
Then a huge parabolic move, close to the ATH of $5 . Bulls failed to push higher beyond known Resistance of $3.5 area.
Bears took over for a ride down. Though after the latest rally, it is crypto-logical to see a retracement before returning to hit ATH .
Support levels on the way down at $2+ and another near Pivotal zone
Death Cross already in play on EMA, 1H.
I expect a bounce from Yellow Zone , near 618 Fibonacci.
If broken, we go lower near Red Zone except Bulls show great courage.
You may set buy entry near the zones, employ DCA in your buying strategy. I have my trap at $2.53 . if it drops lower, I will buy more using DCA .
SXP was moving irrespective of BTC , hope to see more of it again.
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