SXP - Watch This Breakout!

SXP is currently within a channel and anticipating another move up to the channel resistance.

We have a red descending trendline in place which we can watch for confirmation.

Trade Idea:
- Risk Entry now
- Safe entry after the break of the red descending trendline
- Stops below the channel and 78.6 Fibonacci
- Target the recent highs as first TP and -0.27 as second TP. HODL the rest

We might be at the start of another bull run so leave one position open!

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