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SXP / TetherUS

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SXPUSDT trade ideas

Sxp | Breakout Trendline Breakout Already Confirmed, we can expect a retest and if the retest is successful buyers take hold, then 40-70% bullish move is expected. always wait for Momentum candles at the retesting price to detect a successful retest. These are our expectations, Allah knows best Remember: We only give ldea's from our experience and knowledge, it does not mean that it will be 100% correct, the market is always unpredictable, anything can happen anytime. Always trade with your own research and knowledge. If You Are Satisfied With Our Work Then Join.
Long
by Crypto-By-Ghazi
2
SXP Bulls in Town!Alright, let's dive into the world of SXP! Currently priced at $0.4800, SXP is showing some promising signs in the 4-hour timeframe. The Relative Strength Index (RSI) is at a relatively high 76, indicating an overbought condition. However, don't let that scare you away just yet, because the volume oscillator is at a bullish +6.74%. That's right, the bulls are in town! Looking at the Fibonacci retracement levels, we have 0.3048, 0.2769, and 0.2490. Keep an eye out for a potential correction toward the 0.3048 level before considering a long position. But wait, there's more! The Moving Average Convergence Divergence (MACD) is showing a bullish trend with a reading of 0.0595, and the Stochastic oscillators are at 65.5, indicating that the current uptrend may continue. Now, let's talk about those Bollinger bands. On the 4-hour timeframe, the upper band is at 0.5389, the lower band is at 0.1560, and the middle band is at 0.3474. If SXP manages to break out above the upper band, that could be a strong signal for a continuation of the current uptrend. Last but not least, we have the Hourly Exponential Moving Average (EMA) of 50, which is currently at 0.3249. This indicator can help us identify potential support levels, so keep it in mind when considering your entry and exit points. Overall, the technical analysis is looking pretty bullish for SXP. While the RSI is indicating an overbought condition, the volume oscillator, MACD, and Stochastic oscillators are all pointing towards a continuation of the current uptrend. Keep an eye out for a potential correction towards the 0.3048 Fibonacci level, and watch for a breakout above the upper Bollinger band as a potential entry signal. Good luck!
by MonoCoinSignal
8
Long and short term explanation SXPUSDTSXPUSDT: 1-Large amount of short liquidation has been received, the level of liquidations received is in a downward trend, this indicates that the price has risen with sufficient saturation, 2- 77% Short 23% Long position open 3- Open interest came to the fore, I think it is due to the short poses opened 4 – While the CVD future market continues to increase, we do not observe the same situation in the CVD Spot market. We should see them rise together in quality increases. That is, the rise is future-based and valid in a short time period (1 week or less). 5-Our funding cost is -0.75 due to a serious short exposure. If you are going to pose for a short time, take a pose by paying attention to the cutting hours of the fee fees. Summarize for us, I don't understand what you wrote, Well bro, in short, in the SXP rise, we will observe a sharp wick up, maybe a hard wick with the loads, and then a sharp decline until the market maker's eyes are saturated with short liquidation. There is an extremely short pose, everyone sees what I see in the market and they are aware that the rise is artificial, they carry short poses as far as they stand. In the short term, we can see sharp movements(volatility), but if BTC stays at its current price, in the long term, the price will return to the point where it started to rise.
Short
by projeadam
Unlocking the Trading Potential of SXPSXP is currently trading at $0.2895 with an RSI of 53. The daily timeframe Fibonacci retracements show SXP has room to retrace further. The upper Bollinger band may provide resistance while the lower band is a support level. The volume is high, but the trend may be weak and SXP may be overbought. The hourly EMA 50 indicates a bullish short-term trend. Traders should consider these factors before making any decisions about buying, selling, or holding SXP.
by MonoCoinSignal
7
SXP has been rallying well over the past few weeksSXP has been rallying well over the past few weeks, and the buying pressure that started at the bottom of the long-term descending channel suggests that the support at $0.20 could be one of the strongest retracement ranges for the long to medium-term. But note that these strong retracement moves on the weekly time frame can take the trend out of the fully bearish mode on the weekly time frame. In the last 24 hours, the currency has registered more than 20% price growth, creating a static break of the $0.32 resistance zone. Due to the heavy volume of trading done yesterday, as long as the SXP support is maintained in the $0.280-$0.290 range, we can expect the price growth to continue to the resistance in the $0.460-$0.490 range. Note that in the daily timeframe, the price trend is inside a smaller descending channel, and the ceiling of the channel was hit yesterday. Therefore, price correction can still be accompanied by demand until the previous floor of the spike candlestick is broken. One of the most reliable short-term supports is considered in the range of $0.301 to $0.306.
by MonoCoinSignal
1
SXPUSDT needs to hold the supportSXPUSDT has recently encountered liquidity at the 0.1965 level. This indicates that there was significant buying pressure at that price point. However, the price then faced rejection at the 0.786 Fibonacci resistance level, suggesting that there may be strong selling pressure at that level as well. In order for the price to continue its upward trend, it will need to hold the 0.2741 area of dynamic support. This means that the price should not fall below that level, as it would indicate a loss of bullish momentum. Overall, this technical analysis suggests that the price of SXPUSDT is currently facing resistance at the 0.786 level, but may be supported at the 0.2741 level. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
6