$SXP /USDT BULLISH TECHNICAL ANALYSIS

$SXP/USDT shows strong bullish momentum with a 24h gain of +40.82% and a clear uptrend forming above key moving averages. Price is trading above MA(99) 0.0592, MA(25) 0.0708, and MA(7) 0.0715, indicating sustained buying pressure. Short-term support holds near 0.0581 while immediate resistance is observed at 0.0788.

Trade Setup:

Long Entry: 0.0680 – 0.0690 zone

Target 1: 0.0745

Target 2: 0.0788

Stop Loss: 0.0635

Risk Management: Maintain 1-2% capital risk per trade and adjust position size according to volatility. Avoid chasing price above resistance without confirmation.

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