$sxpclose to making its move after 4 months of downtrend from that crazy pump
below white line is invalidation
SXPUSDT trade ideas
SXPUSDT About to hit the Support levelSXP is very bearish in 15 min time frame and e can see a possible support is coming up. We have a scenario that it will form a v bottom like GMX usdt or a consolidation drop
SXPUSDTAs you see the chart there are two support zones blue and black.
In my opinion black is major support for buy.
🔥 SXP Crazy Bounce Idea: Support + Bullish DivergenceSXP seems to have found (temporary) support alongside the diagonal purple support line drawn on the chart. This reversal trade idea is based on the idea that this support will hold and cause a bounce, helped by the bullish divergence that's apparent on the RSI.
The high of the last couple of days is around 0.335, so we're going to wait for a daily candle to close above that area to initiate the trade. Stop under the recent lows.
With a target at the April highs we can construct a very good trade with extremely high Risk-Reward.
🚀💼 "Bullish Blastoff Alert: SXPUSDT 1:4 R:R" 📈💥🚀💼 Ready to Launch into Profitable Heights? 🌌💰
🔥 Brace yourselves for an exciting opportunity! SXPUSDT is on the verge of an explosive breakout, and the price action pattern hints at bullish potential. 📈💪🌟
💡 Calling all crypto traders and price action enthusiasts! 📊💻 Get ready to witness the power of technical analysis as we learn from this live example of an impending breakout. 📚💡
📚 Dive into the fascinating world of price action learning, deciphering the dynamics of this imminent breakout. Gain valuable insights and position yourself for potential profits. 💼💡📚
⏳ The timing is critical, and the risk-to-reward ratio stands at an attractive 1:4. 🎯💰 This setup paves the way for substantial gains for those who seize the moment.
🔔 Like and share if you're eager to launch into profitable heights with SXPUSDT's potential breakout! Let's make this trade idea go viral worldwide, inspiring traders across the globe to leverage the power of price action in their crypto endeavors. 🌍🚀💸
sxp shortBINANCE:SXPUSDT as you can see its reached his bearish line and from here it will be rejecet,lets check it.
SXP ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the SXP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SXPUSDTSXPUSDT IS in bullish phase no divergence shown in RSI which indicates trend is goign to continue here.
We wait and watch for the breakout of last HH.
Sxp did 22% profitin previous SXP chart i have given you buy zones for SXP and it pumped 22% from that buy zone
SXPSXP looks so bullish as well
after getting an strong bullish wave with ABC correction we might see another bullish wave going up as wave 3
sxp bouncefrom the sxp chart posted may 25 we see that the market reacted to the 2 major support zone. a bonce from here will confirm the support at 0.36 and move toward our next target. good long setup after the bounce... happy trading
2 bullish scenarios for sxpusdtsxpusdt has been correcting after the mega pump. It has been forming a bullish flag and the wave 5 appears to be in an ending diagonal with sub wave (e) possible support at 0.3646, further support below at 0.3195. Both event will lead a rally to $1.
SxpSxp has in selling area which could give us good lower buying oppertunity. Keep your eyes on it for goood midterm buying
Sxp Getting Ready for Massive breakout formed Descending Channel In H4 Timeframe & Trying To Clear It Once Got Cleared Bounce Will Be Epic Incase Of Breakout Expecting 80 - 85% Bullish Wave
SXP about to go Pumpina!!!Sxp has reformed 0.3185 support, tested the Psi High and about to test 0.38
Leverage 20x
Long Position bcz of the reasons below1- dominance is getting high
2- price is in the bottom of the box
3- RSI is in the oversell area
SXPUSDT Bullish?Script shows bullish continuation with no divergence and making HH's and HL's. Shows a strong resistance where I put a Buy Stop. Will it come back again to resistance area and go up as planned?
Neutral Market Sentiment with Potential for Bullish BreakoutThe SXP coin is currently trading at 0.3456. Taking into account various indicators and Fibonacci levels within a 4-hour timeframe, we can assess the market sentiment.
The Relative Strength Index (RSI) is at 60, indicating a neutral territory. This suggests that the coin is not currently overbought or oversold, providing a balanced market sentiment.
Examining the moving averages, the EMA 50 is at 0.3360, indicating a short-term bullish sentiment as the current price is above this level. On the other hand, the EMA 100 stands at 0.3563, suggesting a long-term bearish sentiment as the price is below this moving average.
The Moving Average Convergence Divergence (MACD) has a value of 0.0052. Although it indicates a relatively weak bullish momentum, positive MACD values overall suggest an inclination towards a bullish sentiment.
Considering Fibonacci retracement levels, we can identify potential support and resistance levels. The 0 Fibonacci level at 0.3028 could act as a significant support level, followed by the 0.5 Fibonacci level at 0.3243. Conversely, the 1 Fibonacci level at 0.3458 may serve as a crucial resistance level.
Combining these indicators and levels, we can discuss possible scenarios:
Bullish Scenario:
If the price breaks above the resistance level at 0.3458 and confirms the breakout, it could signal a bullish scenario. In this case, the price might continue to rise, potentially targeting higher resistance levels.
Bearish Scenario:
Should the price fail to surpass the resistance level at 0.3458 and begins to decline, a bearish scenario might emerge. The price could find support at the Fibonacci levels, particularly at 0.3243 and 0.3028.
It is essential to note that cryptocurrency markets are highly volatile and influenced by various external factors. Conducting thorough research, considering additional indicators, and analyzing market trends are crucial before making any trading decisions.
Glmr Getting Ready for breakout Seems Like Correction Is Over & Getting ready for Massive bullish wave formed descending channel incase of breakout expecting 50 to 60% bullish wave
SXP/USDT Bulls Take Charge..?!!👀 sxp today analysis💎Currently, SXP is trading within a wedge pattern, following a strong trendline and the exponential moving average of 200.
💎Due to market uncertainty in recent days, SXP has experienced significant price fluctuations. At present, SXP is in a high-demand zone.
💎 If it breaks the tight wedge pattern and maintains price momentum at EMA 200, it is ready for a substantial bullish move.
💎if the price fails to hold a strong support area, it might result in another lower low in the downward direction.
💎In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey!
SXPUSDT wants the pullback?SXPUSDT has been following a pattern where the price consistently moves lower within the boundaries of this channel. At present, the market is testing the lower trendline of the channel, which represents a crucial level of support.
Based on technical analysis principles, there is a possibility that the price might undergo a pullback from this lower trendline. Traders who adhere to Fibonacci retracement levels may anticipate a potential pullback until the 0.618 Fibonacci level. This level is often regarded as a significant retracement level in Fibonacci analysis.
Following the pullback, it is anticipated that a new bearish impulse could occur, potentially pushing the price towards the 0.37 $. This level is considered a demand zone in the market, meaning there is a higher probability of buying interest and potential support at this price point.
In accordance with the trading principles suggested by Plancton, a trader might consider taking a short position on SXPUSDT based on this analysis. This would entail selling the asset in anticipation of a further decline in price, aligning with the projected bearish movement.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
SXP is targeting 58% to 300%SXP is about to make 2nd bullish wave after 8 weeks of correction
Targets on the chart
Good Luck.
SXP retest and trip to the topChina narrative coin made its full top to bottom after the huge FVGs it created last pump so now we watch the rise.
