Hello, Traders!
Let's observe the potential deal we might see in the SXP/USDT market.
The asset is in the consolidation zone and has long been behind the altcoin market.
The MA100 on H12 timeframe acts as a dynamic support.
RSI values on H12 timeframe go into uptrend and are in bullish zone.
In order to reduce the risk, the entry can be made in two parts: between $1.06-1.11 in the first part and between $1.13-1.18 in the second part, after the price goes beyond the point of $1.13.
SL under $1.03
Targets at price levels:
$1.25
$1.47
$1.67
$1.79
Watch out for the market and leave your comments below!
P.S. This is not financial advice, but only trade I would be following myself
Let's observe the potential deal we might see in the SXP/USDT market.
The asset is in the consolidation zone and has long been behind the altcoin market.
The MA100 on H12 timeframe acts as a dynamic support.
RSI values on H12 timeframe go into uptrend and are in bullish zone.
In order to reduce the risk, the entry can be made in two parts: between $1.06-1.11 in the first part and between $1.13-1.18 in the second part, after the price goes beyond the point of $1.13.
SL under $1.03
Targets at price levels:
$1.25
$1.47
$1.67
$1.79
Watch out for the market and leave your comments below!
P.S. This is not financial advice, but only trade I would be following myself