mercury_rising

Good Risk/Reward Situation

Long
BINANCE:SXPUSDT   SXP / TetherUS
SXP looks really interesting here, and if you're a gambler, this might be a bet worth taking. The bearish case is that we have a large Descending Triangle . The bullish case is that we have Extreme seller exhaustion and may soon be printing bullish divergence . It's important to point out that while normally I would look at seller exhaustion as being a good bullish sign, *extreme* exhaustion can actually be a bearish sign as it can indicate that demand has all but dried up. However, in this market, a small-to-mid cap coin with dried up volume can be very tempting for speculators as it won't take very much volume to generate huge volatility . I think this is a gamble that could pay off big and might be worth a small position here.