Helical_Trades

SXP/USDT : One of the coins to buy in the major dip !

Long
BINANCE:SXPUSDT   SXP / TetherUS
BINANCE:SXPUSDT[/symbol
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !

#SXP has been struggled so mush in many descending channels.
Now there're two sets of major bearish channels in play and the majority would be bearish too !
But considering the liquidity pool at
36K
on BTC as our last deep and a proper relief to +56K; I would add #SXP into my holding bag for sure.
The lower Daily Demand looks very stiff and breaking below it won't be easy for bears with #BTC being tighten in downtrend movement !
📚 However I would set an invalidation as any breakdown confirmation below $1.200 and the entry should deep down near $1.300..
- The suggested portfolio engagement is 3% as maximum pool and it's better to catch some of the profits in movement.

The lower Demand could support the pair to break above the smaller descending channel, But still there will be a huge sell off event near above $2.200.

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@Helical_Trades

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