SXPUSDT.P trade ideas
#SXPUSDT (Watchlist) 11/21#SXP maybe worth it to add this coin to your Watchlist. 👀
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Everything mentioned on the chart (Pattern/Resistance/Support / Breakout/Breadkwon levels, Also R: R)
add to watchlist means the coin we mentioned is forming a pattern or moving near a historical bottom, around or above good support, increase in trading volume , showing a reversal candle, accumulation stage, etc, but no reaction from bulls, so we inform you to add it to your watchlist until the right time for entry.!!
Ps:
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This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. the Cryptocurrency market is very volatile and involves gains and losses as well so know very well what you are heading towards before engaging in it.
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SXP/USDT descending wedgeFriends, greetings to all.
I want to share my thoughts about the SXP crypto asset .
From February 2021 to the current moment, SXP is consolidating within the framework of the "descending wedge" formation, which presupposes an upward breakdown.
My expectations are to see the SXP increase by 600% from the current to the dynamic resistance line, the test of which occurred in May last year, and even earlier in August 2020.
The chart to BTC is considered as a confirmation.
On which consolidation in the previously untraded range is clearly visible, the current formation resembles an "inverted head and shoulders", which also presupposes a change in the trend towards growth.
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SXPUSDT Analysis (LONGTERM with good RR)Hello friends.
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Everything on the chart.
Nothing has changed from my last analysis.
Last time I took + 40% and the rest of pos was closed in breakeven, reopened the deal, the goals are the same.
Entry: market and lower
Target: 2 - 4 - 6.2
after first target reached move ur stop to breakeven
Stop: im w/o stop (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 10
risk is justified
Good luck everyone!
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It's not financial advice.
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Open to any questions and suggestions.
SXP Targets -- Long term target 7$I have already posted our SXP targets as short-term and medium-term moves targets.
Our short-term target: 2.060$
Our medium-term target: 4.08$
Our long-term target: 7.53$
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@heyitsayoub
Good Risk/Reward SituationSXP looks really interesting here, and if you're a gambler, this might be a bet worth taking. The bearish case is that we have a large Descending Triangle. The bullish case is that we have Extreme seller exhaustion and may soon be printing bullish divergence. It's important to point out that while normally I would look at seller exhaustion as being a good bullish sign, *extreme* exhaustion can actually be a bearish sign as it can indicate that demand has all but dried up. However, in this market, a small-to-mid cap coin with dried up volume can be very tempting for speculators as it won't take very much volume to generate huge volatility. I think this is a gamble that could pay off big and might be worth a small position here.