SXPUSDT trade ideas
SXP/USDT : One of the coins to buy in the major dip ! BINANCE:SXPUSDT [/symbol
Hello everyone 😃
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#SXP has been struggled so mush in many descending channels.
Now there're two sets of major bearish channels in play and the majority would be bearish too !
But considering the liquidity pool at 36K on BTC as our last deep and a proper relief to +56K; I would add #SXP into my holding bag for sure.
The lower Daily Demand looks very stiff and breaking below it won't be easy for bears with #BTC being tighten in downtrend movement !
📚 However I would set an invalidation as any breakdown confirmation below $1.200 and the entry should deep down near $1.300..
- The suggested portfolio engagement is 3% as maximum pool and it's better to catch some of the profits in movement.
The lower Demand could support the pair to break above the smaller descending channel, But still there will be a huge sell off event near above $2.200.
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@Helical_Trades
SXPUSDT Daily TA : 01.10.22 : $SXPAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 10.Jan.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
SXPUSDT Analysis +340% FROM HERE WITH HUGE RISK/REWARD POTENTIALHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
Entry: market and lower
TP: 2.2 - 4 - 6.2
after first target reached move ur stop to breakeven
Stop: im w/o stop (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward 1 to 10
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
SXP near to break out or rejection#SXP/USDT
$SXP is above long term support zone and a weekly candle break out from descending resistance line, to make sure about the break out better to wait break out of last descending trend line that is the same with resistance zone around $2.2 and $2.5
if bulls success to break out form this zone, price will increase toward resistance around $3.5 and if want to touch the target of triangle it can touch $7 and $7.5 in long term.
but if price reject from current resistance zone it can break the support zone and drop to $0.98 and $0.83
SXPUSDT is testing the daily resistanceSXPUSDT is testing the daily resistance. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
SXPUSDT is testing the daily resistanceSXPUSDT is testing the daily resistance inside a falling Wedge.
IF the price is going to have a breakout from the daily resistance and retest as new support, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
SXPUSDT Daily TA : 01.01.22 : $SXPAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 01 . 01 .2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
SWIPE (SXP) final hours :) HTF 1D perspectiveHTF perspective - 1D chart
We are at the end of descending triangle, SXP still can go both ways - RIP or UP
UP scenario would be clean break above red TL - retest + hold with not much of a resistance to $3.5 imo
RIP scenario would be R.I.P aka worse than stablecoin.
DO NOT jump in yet imo since SXP has not yet decided its direction, be patient. CHEERS :)
BINANCE Bought Leading Crypto Visa Card Issuing Platform SWIPE !Binance Announces Swipe Takeover!
Swipe is the industry’s leading cryptocurrency Visa card issuing platform that enables users to instantly spend cryptocurrencies at over 70 million locations worldwide.
All current SXP utility will remain unchanged.
I think this is the beginning of something big! they want to build a rival for CRO.
CRO has a mk cap of 14 Billion while SXP only 400 Million at this point.
I think upside potential for SXP is huge from here: 35X just to reach the market cap of CRO!
💡Don't miss the great buy opportunity in SXPUSD @Swipeio
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.69).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SXPUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 66
Take Profits:
TP1= @ 1.92
TP2= @ 2.10
TP3= @ 2.23
TP4= @ 2.43
TP5= @ 2.68
SL= Break below S2
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