SXPUSDT trade ideas
SXP / USDTPositive point:
1. daily RSI50 breakout and weekly about the breakout.
2. high volume at this price.
3. nice support at uptrend Chanel.
4. pattern (bearish butterfly).
you can enter the buy zone and set TP, SL.
TP = yellow lines
SL = 1.7
don't forget SL
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What Is Swipe (SXP)?
Swipe is a platform that looks to form a bridge between the fiat and cryptocurrency worlds with its API that is designed to create global payment cards powered by its native SXP token. Swipe also has an on-chain product called Swipe Swap, an Automated Market Maker which is forked by Uniswap, SushiSwap, and THORchain and is powered by Swipechain. This ecosystem is powered by the Swipe Token (SXP), which functions as the fuel for the Swipe Network, and is used for paying transaction fees and securing Swipechain through bonding and governance.
coinmarketcap.com
Add To Your Watch ListSXP is looking primed and ready to go. We have had a nice breakout along with retest. Also formed a nice double bottom. We have strong resistance at 2.47. If we are able to break resistance SXP could quickly reach Targets of 3.50, 4.00, and then 5.00. I have not yet taken a position because I am unsure of Bitcoin price action. If we do break the 2.47 resistance I will hop in this trade.
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SXPUSDT Testing Support and Into A New ATH After Correction EndsSXP Uptrend Looks fine, a Few Tests for Support levels are needed every once in a while, No technical marks indicating a freefall.
Trade Infos>>>>>
Trade Type: Swing
Average Time: 1 Month
Wallet % : 10%
Entry Area: 3.8 - 3.3
TP: New All Time High ( 6.35 ) - Could be changed if higher than expected when updating the trend
Estimated Profit: Average 80% - Lowest 60%
...............
Notices: 1- Sticking to instructions is better for maximizing profits.
2- check the trade type and average time... If you are not patient ignore this trade.
3- Stop Loss isn't required since we are in a bull run and Targets will be reached eventually.
4- If you are willing to take the trade with more than 10% of your wallet .. do so at your own risk ( mentioned Percentages are recommended ).
5- This is not a Self-Biased thought... it's an Analysis based idea.
$ SPXUSDT Daily $ Consolidation BoxAs we can see last time consolidation period was almost 70 sessions, Current consolidation also completed almost 50 days, Now wait for breakout of consolidation box for target of TP:01 (Last high) and TP: 02 (Projection)
Note: Do your own research before buy
Thanks <3
SXPUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame.
As you can see, the price has started to move upwards after the formation of the twin bottom.
If it overcomes the resistance ahead, then it can move towards its target.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
SXP/USDT is getting ready to breakoutAfter bouncing from the Monthly support, now it has 200 EMA in Daily chart as a resistance. If it manages to break this resistance it can rally up. Next resistance is the trend-line from the Daily chart. If daily closes above the 200 EMA, a low risk long trade can be entered with a tight stop-loss below the 200 EMA in Daily chart.
Take Profit 1 - $3.4
Take Profit 2 - $4.4
Take Profit 3 - $5.8