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#SXP/USDT may continue its trend after correction

39
#SXP

The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout.

The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.

There is a key resistance zone (in green) at 0.0220, which the price has bounced off several times, making it a strong support level.

A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.

Entry Price: 0.0204
Target 1: 0.0200
Target 2: 0.0194
Target 3: 0.0187

Stop Loss: At the resistance zone (in green).

Remember this simple rule: Manage your money wisely.

For any questions, please leave a comment.

Thank you.
İşlem kapandı: hedefe ulaştı
#SXP
Target 1: 0.0200 Reached
Target 2: 0.0194 Reached

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.