SXP - Bounce?? 🤔SXP has recently bounced off the triple bottom as indicated on the chart.
Ideally we'd want a strong daily bullish engulfing candle to indicate a full reversal - which we didn't. This is why it's important to be cautious when entering longs from here. The best place to enter would be the 0.60 area where we have a strong level where price started its bull run.
IF we do get back down to 0.60, enter with stops below that level.
For now, we can look for bull flags on lower timeframe to take SXP back to the wedge resistance.
Goodluck!
SXPUSDT
SXPUSDT Analysis (LONGTERM)Hello friends.
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Everything on the chart.
open pos: market and lower
target: 4 - 5 - 7.4
after first target reached move ur stop to breakeven
stop: ~under 1.5(depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 6
risk is justified
Good luck everyone!
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SXP $89LONG-TERM TARGET! $20 SHORT-TERMPlease See original idea linked below
Apologies, left out a couple details.
This shows the ABCDE wave analysis which formed on the weekly and is the basis for a bullish pennant.
And we all love a good bullish pennant, not so often you see it on weekly charts.
All other explanations in the original idea linked below. Thank you
DISCLAIMER: Not Financial Advice
SXP/USDT 4 HOURS UPDATE Welcome to this quick Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
SXP /USDT broke out the triangle pattern and retesting the support level .
Entry: CMP MORE IN GREEN BOX
Targets: %25 to %30
Stop Loss: broke and close downside the doted green line
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
SXP/USDT { SWIPE } - BULLISH SETUPANALYSIS 🔎
- SXP/USDT is consolidating in a symmetrical triangle pattern .
- Price is testing the symmetrical triangle's inclined support.
- The market could bounce from this support zone if we have a relatively high buyers concentration.
BUY ENTRY ⬆️
- Aggressive entry: current market price.
- Conservative entry: breakout above the symmetrical triangle's inclined resistance.
TARGETS 🎯
- Symmetrical triangle's inclined resistance.
- Horizontal resistance level (@4.580).
- Horizontal resistance level (@5.870).
- Fibonacci extension level 1.0 (@7.102).
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.
SXP - Watch This Breakout!SXP is currently within a channel and anticipating another move up to the channel resistance.
We have a red descending trendline in place which we can watch for confirmation.
Trade Idea:
- Risk Entry now
- Safe entry after the break of the red descending trendline
- Stops below the channel and 78.6 Fibonacci
- Target the recent highs as first TP and -0.27 as second TP. HODL the rest
We might be at the start of another bull run so leave one position open!
SXP/USDT 2 HOUR UPDATE Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
SXP/USDT lying on a strong support level or about to make triangle .
Entry: $2.32 to $2.28
Targets:
$ 2.46
$ 2.55
$ 2.69
$ 2.9
Stop Loss: $ 2.2
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
Rise of DeFi is near Let me be clear on one thing, we are in the Bull market and Altseason is happening. It is only a matter of time which one pops first.
As you can see some of the big names in DeFi are consolidating for a long time.
I believe all these four will need to complete another fill Fib Retracement as It has the potential, Volume, and Liquidity.
If we look at their rise on summer DeFI we can guess it might happen just before BTC reach its all-time high. Guessing the ATH of BTC is another subject but I see a huge opportunity in Giant projects in DeFi that have been quite for some time.
SXP entered to pump zone#sxp has two big support zones and a support test zone as you see on chart
the price is going down to retest the support zone again
we can have a big rally to break the roof and super pump to ATH
buy and hold it if you want to have super altcoin
i bet it can surprise you by his price
if you agree please like and share
comment me your special coin to analyse
good luck...
Long SXPUSDTLong SXPUSDT
I will long SXP on the 6H close above a close of the 2.96 zone after a breakout and retest of this zone. We have been consolidating
below this resistance since september 6 drop.
Entry trigger 6h close above 2.95
1st target 3.55 zone
2nd target 3.95 zone
Invalidation day close below 2.36