SXP could be in a downtrend - Cryptoz18 (Risk High)❶ Warning
Operations in the Blockchain or FX market represent a high risk. Cryptoz18 is a content creator who posts his ideas for viewers however he never provides an investment recommendation. I recommend to the reader a good risk management and knowledge regarding the environment. Thank you very much.
❷ Tutorials
➤ Here you can find a brief explanation of how the operations work in case you are interested in following them.
➤ Here you can find an explanation of how to track our ideas:
✔️ Our operations are taken with StopLoss and Take Profit of 15 minutes. However, we are looking to try and catch a 4H trend. So, once we touch the TPM according to your own analysis you should consider whether to close the trade or move StopLoss to entry.
❸ Summary
First I have to open my trades on Binance, if not then I don't have time. Sadly it took me a long time and a lot of the movement just happened, if it doesn't go back to that entry consider changing the setup settings.
❹ Operational Information
• Entry price: 0.5017
• StopLoss: 0.5209 (Loss 3.83%)
• TakeProfit Minimum: 0.4679 (Win 6.74%)
• Recommended margin: 5% of the Futures account
• Recommended leverage: 1x.
• Temporality: 15Min - 4H
SXPUSDT trade ideas
SXPUSDT needs to create a new breakout from 0.618 Fibonacci leveThe price had a bounce exactly on our daily support at 0.324$ where the price created a double bottom as well.
After that, the price created a series of higher highs and higher lows, and now the market is testing a daily resistance at 0.5$ on the 0.618 Fibonacci level, it's a key level for the market.
How to approach it?
IF and only IF the price is going to have a breakout from that area and retest the current resistance as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
SXPUSDT - Falling Wedge PatternSXPUSDT (4h Chart) Technical analysis
SXPUSDT (4h Chart) Currently trading at $0.372
Buy level: Buy after Breakout
Stop loss: Below $0.327
Target 1: $0.40
Target 2: $0.45
Target 3: $0.50
Target 4: $0.60
Max Leverage 2x
Always keep Stop loss
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SXP 3HR CHART ANALYSIS.This chart is fully dependent on bitcoin movement, SXP is on an up trend, so you can choose to take 50% profit at TP1 in order to reduce losses and once a new high is created, a new stoploss to formed so always move your stoploss as you take profit.
NOTE: This is not a financial advice.
SXPUSDT wants the 0.886 Fibonacci levelThe price got a rejection from the 4h resistance at 0.44$, the the price had the dynamic daily resistance as well.
Now the price is testing the previous resistance as new support above the 0.786 Fibonacci level.
How to approach it?
IF the price is going to lose the support and retest it as new resistance, we could see a bearish impulse until 0.886 Fibonacci level, so According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
#swipe $SXP trendline + resistance breakout!sxp has been testing the 4h resistance level around $ 0.4
if we see a good breakout from the one, with good volume , and a good retest, we can set a long order with $ 0.435 as the target (following 4h resistance) and something around $ 0.385 as the stop loss, which is the level of the resistance the price is currently testing , which could turn into new support in a breakout scenario
let me know what you think about this idea and if you are planning to enter on this trade + like and follow for more ideas
SXP/USDTSXP / USDT
It is in an upward channel that has lost the support of 50 cents.
It is expected to fall in the range of 46 to 42 cents.
If it loses the bottom of the uptrend channel, it could collapse up to 30 cents, but our forecast is to start the uptrend from 42 cents and grow to 50 cents.
#SXP #BTCUSD #LUNABUSD #LUNAUSDT #UST #XAUUSD