Short

SXPUSDT Daily S/R| Local S/R| Price Action| Trend

Evening Traders,

Today’s analysis – SXPUSDT- trading at a key region where a rejection is probable,

Points to consider,
- Price Action Impulsive
- Daily S/R Resistance
- Local S/R Support
- Low Volume

SXPUSDT’s immediate price action is impulsive, trading towards a daily resistance with lower highs, allowing for a short bias.

The Local S/R us current support, holding this level is critical for the range low support.

Current volume profile is on a decline, an influx is highly imminent when testing key trade locations.

Overall, in my opinion, SXPUSDT is a valid short with defined risk, Price Action is to be used upon discretion/ management.

Hope this analysis helps

Thank you for following my

And remember,

“Trading effectively is about assessing probabilities, not certainties.”
― Yvan Byeajee

The_Alchemist_Trader_

Join the Free Trading Group

Telegram: t.me/freetradingden 🔥

Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist

Stay sharp, trade smart.
— Team The Alchemist ⚔️

Wyłączenie odpowiedzialności

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.

The_Alchemist_Trader_