Yello Paradisers! Are you ready for what's next? #SXP is approaching a crucial point, and we need to be prepared for all possible scenarios.
đź’ŽCurrently, #Solar is trading within a descending channel and nearing a key demand zone. The price is testing a critical level around $0.224, which could lead to a significant bullish breakout if sustained momentum is achieved.
đź’ŽShould this occur, we could see #SXPUSDT challenging the descending resistance and aiming for the major supply area at $0.3061.
đź’ŽA breakthrough above this supply zone could trigger a substantial bullish rally, potentially pushing the price toward a strong resistance level. However, we must also consider the possibility of rejection at this supply area.
đź’ŽIf #SXP faces resistance here and loses momentum, we might witness a bullish rebound from the solid support at $0.195.
đź’ŽFalling below this support could indicate a prolonged bearish trend, with #SXP continuing to trade within the descending channel.
Stay focused, patient, and disciplined, Paradisers!
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.