SXPUSDT.P trade ideas
SXP - Bearish Pennant 🔺🔻The massive drop recently changed our bias from Bullish to Bearish on SXP. Only until we see a big bullish convincing move.
We appear to be in a bearish pennant correction. The fibonacci extension of -0.27 lines up with the breakout area from late july when we had the big bullish move.
It is possible that we may be revisiting that price soon before the next bullish phase. Looking to short SXP back down to the 1.90 level.
Beauty Flag...Hello to everyone
We are in an important supporting area, and a flag pattern has been formed.
I look forward to making a good purchase at the end of the correction.
Due to the position of the SAR and MACD indicators, the probability of failure from the bottom of the triangle is higher ...
SXP USDT pullback happend!!Yesterday i saw this coin getting pumped, unfortunately i was to late and i didnt wanna risk to get in high so i waited for a pullback. If the pullback didnt happen i won't enter and forget about it but today the pullback happend!!
Before i enter i wanna make sure that bitcoin wont fall down so im waiting for bitcoin to make a little leg down and a confirmation back up, After that i will enter SXP if not i will enter with a small risk because i dont wanna miss it (FOMO)
have great day and stay safe its not clear what bitcoin wants to do fall or rise? what do you think let me know ;>
dont take it as financial advice
SXPUSDT - TICKER REQUESTSXP Is testing major support! We trade level by level, if this zone holds and we can set a weekly higher low i expect us to move back to the highs.
We lose this support we pulled back more then the bulls would like to see and we can move back to the lows.
IMO we will move higher and this is a nice risk/reward setup to the upside !
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SXPUSDT BULLISH MIDTERM SIGNAL UPDATE!!As you all know, SXP is not performing well from last 2 weeks and according to the Chart patterns, Ascending Channel is formed, Breakout formation is also nearly there and also indicators giving bullish signal.
MID-Term Trade, DYOR Before taking trade, as i'm not responsible for your loss.
RISK FACTORS:
Market/BTC CRASH
HOLD TIME 1-4 Months
Happy Trading :)
Good Luck!
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SXP/USDTSXP is now retesting the resistance of 3.9 - 4.1 area. So far SXP unable to close a candle above the resistance area and the long wicks showing selling pressure. Wait for a candle close above this resistance level. The support is 3.45 - 3.55 and this is good buy zone for SXP. Wait for a breakout or a retest of support zone.