Long
#SXP/USDT Ready to go higher
#SXP
The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is poised to bounce upwards. A retest of this boundary is expected to strengthen the rebound.
The Relative Strength Index (RSI) is showing a downward trend and is expected to break above it.
There is a key support zone in green at 0.0197. The price has bounced from this zone several times, making it a strong support level.
A consolidation trend is observed above the 100-period moving average, which we are approaching. This supports the short-term uptrend.
Entry Price: 0.0203
Target 1: 0.0210
Target 2: 0.0218
Target 3: 0.0228
Stop Loss: At the resistance zone in green.
Remember this simple thing: Money management.
For any questions, please leave a comment.
Thank you.
The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is poised to bounce upwards. A retest of this boundary is expected to strengthen the rebound.
The Relative Strength Index (RSI) is showing a downward trend and is expected to break above it.
There is a key support zone in green at 0.0197. The price has bounced from this zone several times, making it a strong support level.
A consolidation trend is observed above the 100-period moving average, which we are approaching. This supports the short-term uptrend.
Entry Price: 0.0203
Target 1: 0.0210
Target 2: 0.0218
Target 3: 0.0228
Stop Loss: At the resistance zone in green.
Remember this simple thing: Money management.
For any questions, please leave a comment.
Thank you.
Transakcja zamknięta: osiągnięto wyznaczony cel
#SXP
Target 1: 0.0210
Target 2: 0.0218
Target 3: 0.0228
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Futures
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👉 t.me/CryptoSignalsSpotFree
📌 We're open to Promotions, Ads & Partnerships: ☎️ t.me/CryptoAnalystsignal
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👉 t.me/CryptoSignalFuturesSpot
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👉 t.me/CryptoSignalsSpotFree
📌 We're open to Promotions, Ads & Partnerships: ☎️ t.me/CryptoAnalystsignal
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.