SXPUSDT trade ideas
SXP TO 20$ ANALYSIS ON 2H SXPUSDT BINANCE CHART
---->SXP (SWIPE) NETWORK RELEASED ITS V2 WHITEPAPER YESTERDAY, READING THE WHITEPAPER MADE ME MORE CONFIDENT ABOUT THE PRICE ACTION OF SXP TOKENS
-----> SXP FOUNDER Joselito burned all the tokens THAT ARE GIVEN TO HIM worth nearly 250million usd now, which is 18%approx of the total supply
------>HE ALSO SAID THAT HE WANTED TO RUN A SUCCESFUL BUSSINESS AND SAID MONEY IS SECONDARY FOR HIM,
SXP ALSO PARTERNERSHIPED WITH BINANCE, VISA AND MANY OTHER COMPANIES ALSO THE INTRODUCTION OF SWIPE SWAP,NFT AND MORE WILL INCREASE THE DEMAND
BUT THE THE FOUNDER IS AGAIN PLANING TO DO A BURN, WHICH FURTHER MORE DECREASES THE SUUPPLY AND ALSO WITH VERY LESS MARKETCAP WE CAN ALSO REACH 50
OR 100$ EOY. THESE ARE THE BEYOND TECHNICAL ANALYSIS
-------> NOW ACCORDING TO TECHINCAL ANALYSIS AND WAVE PATTERNS, SXP BROKE OUT THE RESISTANCE OF IT 2020 ATH AND NOW CURRENTLY HAVE ITI AS AN STRONG SUPPORT
---------> IF YOU FOLLOWED MY PERVIOUS TRADE AND SOLD AT THE TARGET PRICE REBUY NOW IN THE DIP AND HOLD IT NEVER SELL IT AT ANY COST,
"SXP IS BECOMING NEW BNB" NEVER THINK OF SELLING IT
SXP is going to fly!As you see the chart above, I've counted the waves of SXP chart.
I think wave 1 and 2 from a larger degree is finished and the chart has started wave 3.
Within wave 3, wave 1 has been terminated and now it's in wave 2 which is a corrective one.
Due to Fibonacci ratios, I think wave 2 can be terminated in the area I've specified (61.8 ratios)
Pay attention, after that wave 3 will begin which is a powerful wave in the direction of a trend.
As always, Do Not Lag Behind! :)
SXP HIGH RISK HIGH REWARDPair: SXP/USDT
Type: Regular
Suggested entry: Under $4
Suggested Targets: $4.9, $5.9, $7.19, $8
Reason: Price broke resistance zone which is now acting as a supporting zone.
This is a risky call. I'd suggest a small bag, hold it. You can set your own SL. I'm not setting any myself at this time. This is subject to change.
Remember, everything is suggested. The final decision is always yours. I'm not your financial advisor.