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Sxpusdtlong

SXP/BTC (Testing Last Area of Support)KUCOIN: SXPBTC -SWIPE is now testing the last key support area at 13500 sat -This level is very important because it will decide its midterm future -On the good side, it is trading inside this Bullish descending channel -The pattern is unconfirmed until it manages to break upside -Is it good to enter now an anticipate a breakout soon? -Yes as long as you will have proper allocation and stop-loss level -But my best advice is to wait to form a base of support -And also, patiently wait for the breakout confirmation -With this, you will reduce the risk and have a good stop-loss area `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
9
SXP/BTC (Testing Major Support?)KUCOIN: SXPBTC -Swipe is now testing key support area at 16000 sat -And forming a descending channel which is bullish in technical pattern -To trade this pattern, the safest approach is to wait for breakout direction (upside) -Once the breakout is confirmed to the north, strong buying present will start to jump in -The upside potential is up to 36000 sat or higher -100D MA is already approaching the price and will likely once starts consolidating **If you like my daily Published Ideas **Please don't forget to leave a thumbs up & comment **Thank you! :)
by PolarHusk
11
SXP/BTC (Healthy Pullback?)SXP/BTC -There is new local resistance at 34000 sat range -After the price falls back to the previous support area -If there is another Bullish attempt in the making -A potential retest of green trendline area -And a strong bounce up to break the downward resistance line -If that happens, this will lead to more upside scenario -The initial target is up to the swing high at 44000 sat or higher -Bearish side, if the candle closes below the green area -It will lead to a longer consolidation phase
Long
by PolarHusk
5