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SXP / TetherUS PERPETUAL CONTRACT

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SXPUSDT.P trade ideas

Long and short term explanation SXPUSDTSXPUSDT: 1-Large amount of short liquidation has been received, the level of liquidations received is in a downward trend, this indicates that the price has risen with sufficient saturation, 2- 77% Short 23% Long position open 3- Open interest came to the fore, I think it is due to the short poses opened 4 – While the CVD future market continues to increase, we do not observe the same situation in the CVD Spot market. We should see them rise together in quality increases. That is, the rise is future-based and valid in a short time period (1 week or less). 5-Our funding cost is -0.75 due to a serious short exposure. If you are going to pose for a short time, take a pose by paying attention to the cutting hours of the fee fees. Summarize for us, I don't understand what you wrote, Well bro, in short, in the SXP rise, we will observe a sharp wick up, maybe a hard wick with the loads, and then a sharp decline until the market maker's eyes are saturated with short liquidation. There is an extremely short pose, everyone sees what I see in the market and they are aware that the rise is artificial, they carry short poses as far as they stand. In the short term, we can see sharp movements(volatility), but if BTC stays at its current price, in the long term, the price will return to the point where it started to rise.
Short
by projeadam
Unlocking the Trading Potential of SXPSXP is currently trading at $0.2895 with an RSI of 53. The daily timeframe Fibonacci retracements show SXP has room to retrace further. The upper Bollinger band may provide resistance while the lower band is a support level. The volume is high, but the trend may be weak and SXP may be overbought. The hourly EMA 50 indicates a bullish short-term trend. Traders should consider these factors before making any decisions about buying, selling, or holding SXP.
by MonoCoinSignal
7
SXP has been rallying well over the past few weeksSXP has been rallying well over the past few weeks, and the buying pressure that started at the bottom of the long-term descending channel suggests that the support at $0.20 could be one of the strongest retracement ranges for the long to medium-term. But note that these strong retracement moves on the weekly time frame can take the trend out of the fully bearish mode on the weekly time frame. In the last 24 hours, the currency has registered more than 20% price growth, creating a static break of the $0.32 resistance zone. Due to the heavy volume of trading done yesterday, as long as the SXP support is maintained in the $0.280-$0.290 range, we can expect the price growth to continue to the resistance in the $0.460-$0.490 range. Note that in the daily timeframe, the price trend is inside a smaller descending channel, and the ceiling of the channel was hit yesterday. Therefore, price correction can still be accompanied by demand until the previous floor of the spike candlestick is broken. One of the most reliable short-term supports is considered in the range of $0.301 to $0.306.
by MonoCoinSignal
1
SXPUSDT needs to hold the supportSXPUSDT has recently encountered liquidity at the 0.1965 level. This indicates that there was significant buying pressure at that price point. However, the price then faced rejection at the 0.786 Fibonacci resistance level, suggesting that there may be strong selling pressure at that level as well. In order for the price to continue its upward trend, it will need to hold the 0.2741 area of dynamic support. This means that the price should not fall below that level, as it would indicate a loss of bullish momentum. Overall, this technical analysis suggests that the price of SXPUSDT is currently facing resistance at the 0.786 level, but may be supported at the 0.2741 level. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
6
SXP USDT LONG 4H TIMEFRAME - I use Fibonacci retracement 0.5 and 0.618 from previous swing high to low for entry point , and wait for candle to retest The EMA 21/34 to bounce back rally uptrend - Take Profit at Fibonacci 0.5 or 0.618 for 20.28 % gain ( use any leverage based on your trading system , and always use proper money management !! ) - If Price break the yellow zone, trend is changed and the price will drop, long position is invalid - Thx for reading my post, Have a good day everyone : ) , Always DYOR and be a smart trader
Long
by RyanSwingGBPKing
4