SXP at supply zoneHello traders, SXP is currently at high supply zone, and it had rejection couple times at the same current zone on Daily time frame... and it has room to 0.20$...
I am looking to short at 0.48 - 0.50 and stop loss above the red box (supply zone)...
manage your risk, and tight stop loss & happy trading <3
SXPUSDT
Long and short term explanation SXPUSDTSXPUSDT:
1-Large amount of short liquidation has been received, the level of liquidations received is in a downward trend, this indicates that the price has risen with sufficient saturation,
2- 77% Short 23% Long position open
3- Open interest came to the fore, I think it is due to the short poses opened
4 – While the CVD future market continues to increase, we do not observe the same situation in the CVD Spot market. We should see them rise together in quality increases.
That is, the rise is future-based and valid in a short time period (1 week or less).
5-Our funding cost is -0.75 due to a serious short exposure.
If you are going to pose for a short time, take a pose by paying attention to the cutting hours of the fee fees.
Summarize for us, I don't understand what you wrote, Well bro, in short, in the SXP rise, we will observe a sharp wick up, maybe a hard wick with the loads, and then a sharp decline until the market maker's eyes are saturated with short liquidation. There is an extremely short pose, everyone sees what I see in the market and they are aware that the rise is artificial, they carry short poses as far as they stand.
In the short term, we can see sharp movements(volatility), but if BTC stays at its current price, in the long term, the price will return to the point where it started to rise.
SXP has been rallying well over the past few weeksSXP has been rallying well over the past few weeks, and the buying pressure that started at the bottom of the long-term descending channel suggests that the support at $0.20 could be one of the strongest retracement ranges for the long to medium-term.
But note that these strong retracement moves on the weekly time frame can take the trend out of the fully bearish mode on the weekly time frame. In the last 24 hours, the currency has registered more than 20% price growth, creating a static break of the $0.32 resistance zone.
Due to the heavy volume of trading done yesterday, as long as the SXP support is maintained in the $0.280-$0.290 range, we can expect the price growth to continue to the resistance in the $0.460-$0.490 range.
Note that in the daily timeframe, the price trend is inside a smaller descending channel, and the ceiling of the channel was hit yesterday. Therefore, price correction can still be accompanied by demand until the previous floor of the spike candlestick is broken. One of the most reliable short-term supports is considered in the range of $0.301 to $0.306.
SXP USDT LONG 4H TIMEFRAME - I use Fibonacci retracement 0.5 and 0.618 from previous swing high to low for entry point , and wait for candle to retest The EMA 21/34 to bounce back rally uptrend
- Take Profit at Fibonacci 0.5 or 0.618 for 20.28 % gain ( use any leverage based on your trading system , and always use proper money management !! )
- If Price break the yellow zone, trend is changed and the price will drop, long position is invalid
- Thx for reading my post, Have a good day everyone : ) , Always DYOR and be a smart trader
SXP coin formed a bullish Gartley for upto 12.50% moveHi dear friends, hope you are well and welcome to the new trade setup of SXP coin with US Dollar pair.
Previously we caught a nice trade setup of SXP , as below:
Now on a daily time frame, SXP has formed a bullish Gartley move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
SXP/USDTour analysis on #sxp/usdt
is for buy according to elliot waves you can see #sxp forming waves
the first wave 1-2 are forming you can get oportunities of trade in the middel of wave 3
BUY #SXP/USDT
ENTRY: 0.2775-0.2726
LEVRAGE: x30
TP1: 0.2919
TP2: 0.3228
TP3: 0.3359
SL : 0.2410
USE PROPER RISK MANAGMENT
FULL TARGET AT 0.3923
SXP ascending triangleWait for an breakout!
What Is an Ascending Triangle? An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle.
SXPUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for SXPUSDT
There are R2 and R1 as the resistance areas which express that the price was not able to rise. S2 used to be a long-term resistance line And S1 is our support area that shows the support of the price at some points. In this chart, we have the price fluctuating above S1 and below R1 and by the time it does not leave these ares, we cannot define a correct position for it. Either the price will give us some rising signs and we predict a rise for it toward R2 or higher. Or we will have some falling signs and then a decline is expected for it up to lower amount toward S2.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
SXP Potential Reversal AGAINHello friends
SXP recently has broken its downtrend and as I notice that each time( twice ) SXP dropped by 75% and traded around $3.6B during the downtrend, then it rose at least by 200%. I expect that SXP will be bullish over next weeks, what are you thinking?
Safe trade
@ Kurd_crypt
$SXPUSDT Long SignalAs before BINANCE:SXPUSDT has been really profitable for us. $SXP is going for a short term correction towards the entry points i have mentioned. After this there will be a huge volume pushing it towards the top. The setup i am using is as below:
Binance Futures Long ( 1 - 5x )
Entry : 0.36 - 0.45
One-time-Entry : 0.41 - 0.43
Targetted Profits:
Short Terms : 0.48 , 0.51 , 0.53 , 0.5560 , 0.62 , 0.65
Long Term : 0.83 , 0.95 , 1.20 , 1.60 , 2.12
As a good trader, please becareful with your money always! Use a Stop Loss to prevent massive damages, invest only 10% of your available capital when trading in Futures.
Stop Loss: 0.3350 (or trailing).
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MetaFutures.