SXPUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 2.8 - 3.1 - 3.5
after first target reached move ur stop to breakeven
stop: ~1.8 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2.5
risk is justified
Good luck everyone!
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SXPUSDT
SXP2021 It has been a very good year for the Swipe cryptocurrency, which has appreciated by exactly 681% since its opening of the year. Winter was the best peak the currency could reach, since then the currency has devalued more or less than 50% these days. That for me I see this as a possible purchase opportunity in the future. Now I'm going to explain why I see it as a possible purchase from her. Speaking of it graphically now, I see that prices have consolidated where bulls and bears are not in charge, like a tug of war, where no one is winning or losing PORIQUANTO! Prices stabilized when they left the trail of a graphic figure, which is called the Symmetrical Triangle. Given these circumstances of 2021, I see this pattern as a possible continuation of bull bulls. It is clear if prices manage to break the resistance line of the round numbers of 5 dollars
DISCLAIMER: Please note, my studies portray only my personal opinion and should be considered for educational purposes only. They should not be considered as asset purchase or sale recommendations (calls), only a CNPI has such authorization
#SWIPE #SXP my Exit Target @ $7.2SXP is no dinosaur, with little technical data to analyze since it doesn't stretch back to previous market cycles to draw a FIB R Levels from its 2017/2018 ATH.
So I choose to be conservative here and draw the lines as per this year's May 19th dip from its cycle ATH to ATL that followed. I witnessed that ADA, AVAX & MANA (the early boomers) got stalled between 1.618 & 2.618 FIB R levels.
That said, I'll have 1.618 FIB R level to be my target roof at $7.2 while it has all the potential to continue north from there... but that is a risk that I don't intend to take.
NOTE
CRO is closing towards 1.618 FIB Level, which seems to be this quarter top for most Alts. SXP (CRO competitor) didn’t nudge yet. Don’t expect Binance will let it sleep for long.
SXPUSDT Testing Support and Into A New ATH After Correction EndsSXP Uptrend Looks fine, a Few Tests for Support levels are needed every once in a while, No technical marks indicating a freefall.
Trade Infos>>>>>
Trade Type: Swing
Average Time: 1 Month
Wallet % : 10%
Entry Area: 3.8 - 3.3
TP: New All Time High ( 6.35 ) - Could be changed if higher than expected when updating the trend
Estimated Profit: Average 80% - Lowest 60%
...............
Notices: 1- Sticking to instructions is better for maximizing profits.
2- check the trade type and average time... If you are not patient ignore this trade.
3- Stop Loss isn't required since we are in a bull run and Targets will be reached eventually.
4- If you are willing to take the trade with more than 10% of your wallet .. do so at your own risk ( mentioned Percentages are recommended ).
5- This is not a Self-Biased thought... it's an Analysis based idea.
SXPUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame.
As you can see, the price has started to move upwards after the formation of the twin bottom.
If it overcomes the resistance ahead, then it can move towards its target.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck