When SXP approached the 1.2$ zone, buying power appeared to create a bear-trap below 1.2$. This shows that SXP can still rise again from this $1.2 area to the same $1.7 or even $2.1 area in the near future. But if it loses the 1.2$ zone, it will fall hard, at least it will fall to the 1$ zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 1.2$ zone
🔴Buy : 1.2
🔴Sell : 1.45 - 1.7 - 2.1
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 1.2$ zone
🔵Sell : 1.2
🔵Buy : 1
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section