SXP the lost puppy from Binance Considering the market overall current spike, SXP remains almost all year a non-mover. And even the move from the Abyss of May to the local high of Sep, it didn't perform much.
I have a history of losing chances with SXP in the past. Will SXP take me down again this time?
Here is the outlook, that confirms this Alt is forgotten and non-mover:
1) Overbought on the 4H RSI chart
2) neutral on the 1D RSI chart
3) still a red signal on the Ichimoku Signal
4) far from being green on the Ichimoku Cloud
The question remains will Binance rescue its puppy or let it have a slow quiet of death? I am betting with my wallet on a rescue mission.
SXPUSDT trade ideas
🆓Swipe (SXP) Oct-3 #SXP $SXPSXP has good buying force at 2.3$ zone and it could move towards 2.7$, 3.5$ and 4.4$ zones in this October. But if it loses this 2.3$ zone, it will fall down to 2$ zone again
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 2.3$ zone
🔴Buy : 2.3
🔴Sell : 2.7 - 3.5 - 4.4
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 2.3$ zone
🔵Sell : 2.3
🔵Buy : 2
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
SXP LONG TERM $50 This is what I see happening for SXP in the coming weeks/months, reaching a price target of up to $50.
The fractal was taken from BNB daily chart when it first listed right up to its first breakout.
It only makes sense because they both have the same use case and I really think it will play out.