SXPUSDT.P trade ideas
SXP/USDT 120% potential from here...? Fresh entry..?#SXP/USDT TA update:-
$SXP currently trading at $4.123
And You can see good bounce back from $3.90 support level.
Now...?
I am buying here some $SXPUSDT
Fresh Setup:
Entry:- $3.90-$4.120
Targets:- $5.20/$9.120
SL:- mentioned in chart.
Support:- $3.90/$3.50
Resistance:- $5.20/$9.120
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SXPUSDT LONG "repeating waves"symbol="BINANCE:SXPUSDT"]BINANCE:SXPUSDT in daily chart :
In March EMA 50 was its support but in April chart has broken it down and EMA 100 played as the support. Today EMA 100 didn't let the chart decrease more.
If u look carefully, you will see the repetition of waves. so it's going to repeat its last wave and rise to 6.54 and 6.93, 1 and 1.13 fib at the top of the channel.
SXPUSDT LONG "repeating waves"BINANCE:SXPUSDT in daily chart :
In March EMA 50 was its support but in April chart has broken it down and EMA 100 played as the support. Today EMA 100 didn't let the chart decrease more.
If u look carefully, you will see the repetition of waves. so it's going to repeat its last wave and rise to 6.54 and 6.93, 1 and 1.13 fib at the top of the channel.
SXPUSDT bounced on 0.618 Fibonacci level 🦐SXPUSDT bounced on 0.618 Fibonacci level on the weekly support. Now the price is creating a descending channel. IF the price will have a breakout from the channel, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.