SXP/USDT pair is making a nice double top on the daily as well as 4H timeframe
The MACD indicator on daily timeframe indicates an incoming selling pressure. A bearish engulfing candle is formed near the trend line breakout
Look for more confirmations in the downtrend near the neckline support. Once the neckline is broken, time your entry by looking at RSI on smaller timeframe (1H)
The MACD indicator on daily timeframe indicates an incoming selling pressure. A bearish engulfing candle is formed near the trend line breakout
Look for more confirmations in the downtrend near the neckline support. Once the neckline is broken, time your entry by looking at RSI on smaller timeframe (1H)
Trade closed: stop reached:
Stopped out