SXP has seen a strong H4 candle this morning. After yesterday's sell-off, some cryptos are reversing rather quickly, SXP is one of those. This trade is based on the idea that, after yesterday's sell-off, the crypto market will see a strong rebound. Just like it has been doing for the last couple of weeks.
On the chart Iโve marked two potential areas of resistance, $4 and the all time high area around $5. Do your own due diligence.
Happy trading!
On the chart Iโve marked two potential areas of resistance, $4 and the all time high area around $5. Do your own due diligence.
Happy trading!
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๐Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
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๐ฅPremium Signals: www.fierytrading.com