Long
SXP/BTC (Retest Key Support?)
SXP/BTC
-Swipe is testing the Key support area again around 23800 sat
-This region is a confluence of previous resistance turned support
-The 0.618 Fib level also coincide and the 200MA dynamic support as well
-We can also see the upward trendline of support starting from July 27 trading
-Two option to enter this market condition
-Opening buy position at current market price
-It is aggressive but the reward is huge if SXP will continue its uptrend
-But the risk involved is much higher since there is not enough confirmation yet
-If you want to enter with less risk, you could wait for the break of local resistance
-Buying above 27000-28000 sat will give extra confirmation that the uptrend is about to resume
-The choice is yours, what is your risk trading appetite?
-Please always plan your next trade
-Exit if becomes invalid and take profits once in good condition
-Swipe is testing the Key support area again around 23800 sat
-This region is a confluence of previous resistance turned support
-The 0.618 Fib level also coincide and the 200MA dynamic support as well
-We can also see the upward trendline of support starting from July 27 trading
-Two option to enter this market condition
-Opening buy position at current market price
-It is aggressive but the reward is huge if SXP will continue its uptrend
-But the risk involved is much higher since there is not enough confirmation yet
-If you want to enter with less risk, you could wait for the break of local resistance
-Buying above 27000-28000 sat will give extra confirmation that the uptrend is about to resume
-The choice is yours, what is your risk trading appetite?
-Please always plan your next trade
-Exit if becomes invalid and take profits once in good condition
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.