disclaimer: -> this is not financial or trading advice -> read the chart carefully and compare with other analysis -> this analysis can 100% wrong, your action is your own risk
SXP/BTC -After a -25% drop from the High 23700 sat range -it may have found support at the trendline area and 50ma -If this 4H candle closes above the 19900 sat -There is a chance this level will hold for the next 24 hours or so -A possible upside retest of 2300 sat area -Bearish scenario, a candle closes below 50ma will lead downward action
This coin is 2 days old. Do you think it might break resistance perhaps?