SXP - BUY SETUP (DEC 2023)
Based on technical analysis, the current setup of this coin appears to offer a favorable buying opportunity. The price action and key indicators signal promising trends, suggesting a potential advantageous entry point. However, prudent consideration of market volatility and risk management is essential before making any investment...
Technical Analysis behind SXP USDT Trade:
1. Supported by the immediate support area.
2. Long Liquidity Grab candle.
3. RSI is at 20, a very bullish sign.
4. MFI (Money Flow Index) analysis also supports the trade.
5. The stop loss is based on the volatility indicator (ATR).
TRADE ALERT! SXP
Ticker: SXP/USDT
Entry:0.4060-0.4020
Take Profit: 0.43-0.44
Stop Loss: 0.3860
Risk to reward: 1:2
Technical Thesis: Falling wedge pattern ( bullish )
Breakout done.
Wait for pullback ( retesting of this pattern)
Acording to fib 0.5 ration and 0.618 ration is at 0.4060$ to 0.4020$.
Technical Analysis behind SXP USDT trade:
1. Supported by the immediate support area.
2. Hammer Candlestick pattern formed, a bullish sign.
3. Supported by the 200 Days SMA.
4. RSI is at 40, a bullish sign.
5. Volume & Momentum analysis also supports the trade.
6. The stop loss is based on the volatility indicator (ATR)
🚀 Premium Crypto Signal Alert! 📈
🔔 Signal: BUY
Asset: SXPUSDT
📈 Technical Analysis:
The SXPUSDT pair has generated a strong buy signal as it closed above the 200-day moving average, indicating a robust bullish trend and it has demonstrated remarkable strength by consistently staying above 0.40 for an extended period, establishing a solid support point.
📊 Trade...
A retun formation that can be observed in different time periods has taken its place on the sxp chart. The sxp price, which has shown a slow participation in the recent rapid rises, has the pottancial to suddenly close this gap. We can easily reach this conclusion by observing past price movements on the chart. When the sxp price starts to rise it usually moves...
SXPUSDT showcases a transition from supply to demand zones, successfully respected within its price action. Notably, the bounce off the 61.8% Fibonacci retracement level, coupled with the subsequent rebound from the 38.2% support and the clean bounce off the simple uptrend trendline, indicates the initiation of an upward wave.
As a result, our forecast...
gearing up for a move not in it but if anyone fancies
invalidation white line below
target white line above
7ema looks to be reclaimed and above 200 ema on the daily
