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MyCryptoParadise_Simon
Jan 12, 2024 8:20 AM

SXP/USDT upward momentum from demand zone? 👀SXP Analysis Long

SXP / TetherUSBinance

Description

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💎 Paradisers, turn your attention to #SXPUSDT, which is currently showing promising signs of an upcoming move from a key demand level.

💎 #SXP is tracing an upward path, indicating a potential bullish breakout from its current demand level. It's anticipated to retest the demand level at $0.3452 before continuing its upward trajectory. If #SXP can maintain its position above this level, it sets the stage for an ascent towards the significant supply zone at $0.5390.

💎 Nonetheless, should #SXP encounter resistance in holding its ground above the $0.3452 level, a strategic shift in our trading approach might become necessary. In that case, we would adjust our focus towards initiating a bullish movement from a slightly lower demand level at $0.3106.

💎 Keeping a vigilant eye on this level is critical, as a drop below it could necessitate a strategic shift, potentially highlighting challenges in maintaining a bullish momentum in the #SXP market.

Trade closed: target reached

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💎 Another win! #SXPUSDT up 88.54.%, as forecasted!

Comment

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Comments
lock6999
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Nice forecast!
WalterMoon
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Maybe this really can happen, or maybe not, we need to wait until SXPUSDT will make correction, and then we see where the price go next
Xanrox
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Looks bullish to me. Swipe is a big deal for major exchanges
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