SXP is bullish this month. Keep an eye on it. Moon Cup formed on the daily or otherwise called Cup-and-Handle. Then a huge parabolic move, close to the ATH of $5. Bulls failed to push higher beyond known Resistance of $3.5 area. Bears took over for a ride down. Though after the latest rally, it is crypto-logical to see a retracement before returning to hit ATH.
Support levels on the way down at $2+ and another near Pivotal zone Death Cross already in play on EMA, 1H. I expect a bounce from Yellow Zone, near 618 Fibonacci. If broken, we go lower near Red Zone except Bulls show great courage.
You may set buy entry near the zones, employ DCA in your buying strategy. I have my trap at $2.53. if it drops lower, I will buy more using DCA. SXP was moving irrespective of BTC, hope to see more of it again.