realredsteel

SXP might be swiping down for now

Short
BINANCE:SXPUSD   SXP / US Dollar (calculated by TradingView)
Same as UNI and most other altcoins, it just broke down from an ascending broadening wedge , retested and then got rejected.
We should be heading south for now and I expect a loss of about 13%. I am long term bullish in this coin though especially since I'd like to get the Swipe Card soon, so I'll be laddering my buy orders on the way down. Cheers!
Trade closed: target reached: Didn't happen as quickly as I anticipated but target reached nonetheless. Could drop further but I'm satisfied with what I got here so I'm closing my short position.
Comment: Picked up a few coins (laddered spot orders) at this level so I can get the Swipe card soon. Get one too if you want free Spotify and Netflix. #DYOR :)
Comment: Late update: I sold all my coins at around Oct. 22 after seeing the Facebook profiles of the team and after doing further due diligence. Nobody in the team has any significant blockchain knowledge or experience whatsoever. The CEO has also previously participated in MLM, pyramid schemes and outright scams. They also do not have any physical office location. Very fishy. Stay away from this coin.

Comments

check weekly charts, today new week started.
+1 Reply
realredsteel michaelnguyen629
@michaelnguyen629, Might be different on the weekly, this is just for a short-term play. Keeping a close watch.
Reply
fake broke down my man.
Reply
realredsteel michaelnguyen629
@michaelnguyen629, This TA is still in play, my man. Although it's playing slower than I thought it would but I'm still gaining on my short position rn.
+1 Reply
michaelnguyen629 michaelnguyen629
@realredsteel good. i like it. 1$ will be fantastic.
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are u sure man?
Reply
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