SXPUSDT trade ideas
Sxp Buy After Breakout #SXP 2H Usdt.. Last Requested Chart ...
Sxp Trying To Create Inverse Head & Shoulder. So Sxp Should Hold Green Box Zone. To Complete This Pattern. Otherwise We Might See A Double Bottom Pattern In Sxp. We Had Another Resistentce Just Above The Head & Shoulder Neckline. So It's Going To Be Hard To Breakout...
Quick Trends and Levels per request _ SXPUsing DWEB, Bonfire, and Pirate Channels, I made a quick chart to find some common intersections and alignment between 4H and 1D. Marked major intersections with vertical lines but you can also add horizontal lines for hidden levels. Follow price along each line to see how it respects the trend at each level. Find patterns and look for momentum and trajectory . This should be used as a confluence tool.
SXPUSDT Local S/R| .618 Fibonacci| Swing Low| Price Action Evening Traders,
Today’s analysis – SXPUSDT – trading under a key local resistance where a bullish break is imminent,
Points to consider,
- Price Actin Impulsive
- .618 Fibonacci objective
- Local S/R Resistance
- Low Volume
SXPUSDT’s immediate price action impulsive where a deviation to the .618 Fibonacci must be respected for a bullish bias
The Local S/R is current resistance, breaking this level will increase the probability of a bullish expansion.
The 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 long with defined risk, price action it so be used upon discretion/ management.
Hope this analysis helps
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And remember,
“Trading mastery is a state of complete acceptance of probability, not a state of fight it.”
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