How do you do dear followers,
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for SXPUSDT
Here we see R3, R2, and R1 as our resistance areas that illustrate the price was not able to rise at different points. S1 is a support line in the 4-hour time frame. And finally, S2 is a long-term support area at the bottom of this chart. The price could face a great rise toward R3 and after not being supported, it fell down to S1. There it was supported well and was able to break R1 upward. Presently, we have the price fluctuating above R1 line and we expect it to have a little fall toward this line and then by providing us some confirmation candles for the purpose of a rise, it would face an increase up to R2 or even R3. When the price is able to fix itself at R2, surely more rise will be there for it. In case the price loses the support at any points and even by moving below R1, more decline will take place then down to S2. This area is great for putting your trade orders; so wit for the time the price is on a rising trend and then put your orders. Please do not forget to wait for some signs such as confirmation candles in order to make sure of what will be your next movement and then act wisely. We suggest you to put your stop-loss point based on your amount of loss that you can risk at and try to experience more logical trades.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Have a nice time
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for SXPUSDT
Here we see R3, R2, and R1 as our resistance areas that illustrate the price was not able to rise at different points. S1 is a support line in the 4-hour time frame. And finally, S2 is a long-term support area at the bottom of this chart. The price could face a great rise toward R3 and after not being supported, it fell down to S1. There it was supported well and was able to break R1 upward. Presently, we have the price fluctuating above R1 line and we expect it to have a little fall toward this line and then by providing us some confirmation candles for the purpose of a rise, it would face an increase up to R2 or even R3. When the price is able to fix itself at R2, surely more rise will be there for it. In case the price loses the support at any points and even by moving below R1, more decline will take place then down to S2. This area is great for putting your trade orders; so wit for the time the price is on a rising trend and then put your orders. Please do not forget to wait for some signs such as confirmation candles in order to make sure of what will be your next movement and then act wisely. We suggest you to put your stop-loss point based on your amount of loss that you can risk at and try to experience more logical trades.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Have a nice time