#SXPUSDT (Watchlist) 2-2024

Technical Analysis for STXUSDT: Potential Upside Momentum

The chart pattern suggests a possible Inverted Head and Shoulders (H&S) formation, typically signaling a bullish reversal.

Key resistance levels stand at 0.43 and 0.51, with a breakout potentially propelling prices towards 0.65 and 0.85.

STXUSDT presents a critical panic key at 0.28, indicating significant support.

Traders should closely monitor price action, especially for breakouts above resistance levels, signaling potential bullish opportunities.

Sustaining above the 0.28 support level is crucial for maintaining upward momentum.


Consider for Watchlist:
When we recommend adding a coin to your watchlist, it's typically due to forming a pattern, nearing a historical bottom, or approaching a strong support level. It may also show increased trading volume, reversal candles, or be in an accumulation stage. While we haven't observed a bullish reaction yet, we advise monitoring it until an optimal entry point emerges.

PS:
We avoid trading coins associated with gambling, prostitution, human trafficking, etc.

Note:
This is not financial advice but an analysis of coin movements. Conduct your own research and practice risk management before making any investment decisions. Remember, the cryptocurrency market carries significant volatility and risks.

Best wishes to all,
we ask Allah reconcile and repay. 🙏

Comment:

#SXPUSDT +30% gains 1 step to breakout!

we ask Allah reconcile and repay