SXPUSDT trade ideas
SXPUSDT Daily S/R| Local S/R| Price Action| Trend Evening Traders,
Today’s analysis – SXPUSDT- trading at a key region where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Resistance
- Local S/R Support
- Low Volume
SXPUSDT’s immediate price action is impulsive, trading towards a daily resistance with lower highs, allowing for a short bias.
The Local S/R us current support, holding this level is critical for the range low support.
Current volume profile is on a decline, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, SXPUSDT is a valid short with defined risk, Price Action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my
And remember,
“Trading effectively is about assessing probabilities, not certainties.”
― Yvan Byeajee
SXP/USDTSXP Formed a giant bear penant on 4h time frame .
as of now everything depends on BTC , Short SXP after confirmed breakdown .
Targets are : ( 1.618 ) , ( 2.618 ) & ( 3.618 ) FIB levels .
SXP broke resistance of parallel channel#SXPUSDT
$SXP broke out resistance of parallel channel, here now is trading inside a strong resistance zone.
a break above this zone can increase the price to new ATH around $8.
just take profit in other resistances shown in chart.
SXP/USD in rally! This could hurt a lot :PWe see masive rally up. SXP made strong move, but after this types of moves could price drop hard.
Our Price action UCT strategy could give us more details if we will start shorting or not.
Keep in touch guys! SXP is really tradable today B-)
(update) SXP/USDT has a great bullish chance right now.Hi every one
SXP / TETHERUS
this is an update on SXP/USDT as you can see the price has gone downward and broke the symmetrical triangle but now It has created a new support which is pretty reliable. there is a chance for bearish movement because there is a Hidden Bullish Divergence (-HD) on both MACD and RSI. the bearish Movement can be to the new support which is shown in the picture. the bullish movement from support can be to It's dynamic resistance which is shown In the picture. If price breaks this resistance there are good chances for more bullish movements.
Previous Analysis:
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
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SXP!!!Needs to watch BTC. It doesn’t need to bullish just keep stable and wait for SXP. I’m hodl for SXP.
SXPUSDT broke down support#SXPUSDT
$SXP also broke down long term ascending support line.
next supports : $1.29 - $0.8
SXP - Short to $1.37It has been a while since I visited this chart but sitting on USD I'm looking for a new long entry on SXP.
- These lines have been in since end of 2020 just before the parabolic run in ALTs. They still seem to be playing a role in support and resistance.
- Looking at the general market price action I think SXP will test the support line once more when BTC starts running in about a weeks time
- Long will be from a target of around $1.37 and coincidently form a local double bottom. SXPBTC target 0.00003602
- Target $2.85
Best, Hard Forky
SXPSXP will most likely retest the trendline that it broke, but it should break the descending line first. I think when Bitcoin rises it will follow.
SXP/USDT : Minority Venture Capital (MVC)Shown in white line is our entry price for this crypto asset. Please add to this TA and keep discussing about take profit and and buy targets
