SXPUSDT
Long Swipe ($SXP)Looks like a possible Cup and Handle formation, which if correct would indicate a target of around $8. Fib extensions suggest a possible target of $6.90. Since I don't know 1) really anything about what this token is and 2) I don't use C&H much and also since 3) the market has had a few dips during the last couple days I will keep a tight stop loss and only open a small position.
In either case if BTC and the alt market continues to look strong I will probably add to this as this was in an obvious strong recent uptrend.
SXP is so STRONG!!!Every single mother flippin dip gets bought right back up.
Would be a dream if this appreciates like BNB has now that Binance owns them. Just bought more at $4.88
Beware if BTC starts to roll over and breaks below 53k again.
We are playing with fire a little bit, but if BTC is bouncing then Alts are FLYING!
SXP is free Bird to fly now !!Hey guys welcome for a fresh update on SXP
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SXP now enters Price Discovery Mode
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As Swipe has very good ecosystem and
Looks promising token as it has benefit over other token
It can be used for fiat as well as Crypto ( Digital )
Where its standing today ?
SXP has came a long way up and we already had
good gains on it..
Now SXP enters Price Discovery mode breaking
Standing at top of its peak
And Can Go Mad from Here !!!
So bags must be filled between $4.5 - $5
And I recommend Not to take any profits below $9
I hope its beneficial for you !!!
Don't Miss Out on it....
Give a thought to it and manage your risk carefully...
Let me know whats your target and suggestion In Comment Section
Will Be back with another Premium Analysis in the mean time..
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Swipe is gonna breakoutSwipe has a strong resistance above, but for the first time Sxp isn't overbought when it is near the resistance. I think now is the best chance for Sxp to break the resistance, if the resistance is gone Swipe is gonna fly.