SXPUSDT trade ideas
Here's what we need for a 50% move up.SXP broke and retested the $4.45-$4.50 zone. A potential 50% move to the $7.50-$8 area is the target if we can get a clear break and confirmation of the $5 resistance level. This would also complete the cup and handle formation. The daily MACD crossed bullish on the 28th with some good upside potential. A retest of the $4 level wouldn't be bad, but a break of the descending triangle is needed afterwards. If we break below $4 we are likely to have a downtrend to the previous lower area of $3.25, following the descending triangle downwards.
As this point I favor the retrace to $4 before going up, but I like confirmation before trading.
$SXP UPDATE!!!!Firstly congats to those who traded this call, from our entry over 40% pure profit with no leverage and we're still holding our position after selling about 50% of our position, it still have room to grow it possible for sxp to hit $7 cuz it has good fundamental presently and huge volume too.
set your stop to break even just in case of high volatility.
keep earning.
#cryptomanaic
#REDFoxxOFWS
SXP breakout coming SXP is forming ascending triangle on the lower time frame and we expecting a breakout soon. Those who missed our SXP call earlier can enter now with stop loss. CZ recently tweeted that Binance is the biggest investor in SXP. Also, the founder of SXP burned all his initial SXP holdings that is 17% of the total supply.
Buy Zone: $4.5
Target: $4.95 - $5.35 - $5.85 - $6.3 - $6.9 - $7.4 - $8.1 - $8.8 - $9.3 - $9.9 (can go beyond these targets in long term)
