SXPBTC trade ideas
SXP BTC TRADE SETUP light blue zones are major resitance and support, darker blue is minor. we see SXP following the red trend line back up to the major resistance, if solidly breaks below red trend line. short, look for re-entry potentially at yellow upwards trendline
if breaks above current price and minor zone, long and wait for confirmation of break of upper light blue zone
After the greens on USDTWe can see here that we dont have so much green light than on the USDT pair.
First step is to get over the cloud with the chart. Then break resistance with lagging span and break finally the cloud with span. This can take some days.
Other thing is the 3 majors resistance above. Which at the current btc price would make SXP at 2,90$, 5,5$ and 7,8$ and seemed to high to me.
I think BTC.D will reduce more in the coming days.
Crypto|SXP/BTC|LongLong SXP/BTC
Activation of the transaction only when the blue zone is fixed/broken.
The idea is to work out the resistance level of the consolidation zone after the fall.
* Possible closing of a trade before reaching the take/stop zone.
+ Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
Blue zones - activation zones.
Green zones - take zones.
The red zone - the stop zone.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Orange arrow - the direction of take.
Blue arrow - neutral scenario without activating the trade.
The red arrow - the direction of the stop.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.