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SXP / TetherUS

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SXPUSDT trade ideas

SXP - Buying zone!Dear my friends, The price action of SXP has broken the downtrend on the weekly timeframe. A pinbar candle has appeared to support the upward trend. The expected scenarios are $0.6, $1.1, and $1.5. The RSI is moving upward and is at 63, indicating a dominance of buyers. We need to wait for sufficient volume for a confirmed breakout. Returning to the daily timeframe, those using the Ichimoku cloud may notice that the price is above the cloud. The pinbar candles on the daily chart provide a foundation for the expectation of further price movement. A suitable strategy at this time is Dollar-Cost Averaging (DCA), with one portion now and another at a support level below in case of a Bitcoin correction. Best Regards,
Long
by DragonCaoB
SXP ANALYSIS🔮 #SXP Analysis —— BREAKOUT 🚀 💲💲 #SXP was trading in a Symmetrical Triangle, and breakout has already confirmed but #SXP is trading around its major resistance zone and if it breakout the major resistance zone then we can expect bullish rally towards $0.9350 and more💰 In Coming Days ✍️ ✅ 📊Current Price -- $0.5167 🎯Target Price -- $0.9350 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #SXP #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
SXP / USD 💥 mid- term trade 💥Hello, crypto enthusiasts!🫶 I'd like to highlight the potential of the SXP coin against the dollar! In my view, it shows great promise in the medium term!💥 The price is currently forming a significant wedge, which is nearing completion and poised for a breakout! For those inclined to take risks, consider placing buy orders in the orange zone. For a more conservative approach, wait for an upward breakout before entering buy orders. 🧐What are your thoughts on coins like SXP? I'm genuinely interested in your perspective! Thank you for your attention💋 Warm regards, Kateryna💙💛
Long
by RocketBomb
#SXPUSDT (Watchlist) 2-2024 Technical Analysis for STXUSDT: Potential Upside Momentum The chart pattern suggests a possible Inverted Head and Shoulders (H&S) formation, typically signaling a bullish reversal. Key resistance levels stand at 0.43 and 0.51, with a breakout potentially propelling prices towards 0.65 and 0.85. STXUSDT presents a critical panic key at 0.28, indicating significant support. Traders should closely monitor price action, especially for breakouts above resistance levels, signaling potential bullish opportunities. Sustaining above the 0.28 support level is crucial for maintaining upward momentum. Consider for Watchlist: When we recommend adding a coin to your watchlist, it's typically due to forming a pattern, nearing a historical bottom, or approaching a strong support level. It may also show increased trading volume, reversal candles, or be in an accumulation stage. While we haven't observed a bullish reaction yet, we advise monitoring it until an optimal entry point emerges. PS: We avoid trading coins associated with gambling, prostitution, human trafficking, etc. Note: This is not financial advice but an analysis of coin movements. Conduct your own research and practice risk management before making any investment decisions. Remember, the cryptocurrency market carries significant volatility and risks. Best wishes to all, we ask Allah reconcile and repay. 🙏
Long
by HamadaMark