SXPUSDT.P trade ideas
SXPUSDT_ Daily. Not attractive for entry now🥺According to the chart I drew, it is prone to very high growth, but to go through this high growth, it needs to accumulate energy. Until the remaining legs are completed, the swipe chain operation will also take place.
Where the fundamental and the technical coincide and powerfully push up prices
The safe entry range is currently $ 4 to $ 3.5😎
Please comment on this analysis of mine✌
SXPIt is in the ascending channel in weekly and daily timeframes. However, due to the large width of the channel, it is possible to oscillate in 4-hour and 1-hour time frames.
It is currently between 1 and 4 hours of support and resistance.
Strategy 1: If it stays in the downward channel for 1 hour, you can expect a fall.
Strategy 2: If, in addition to the 1-hour Neroli channel, it can break the 1-hour resistance range, it will operate according to the Fibonacci expansion rule and will climb to 161.8%.