#sxpanalysis
sxpanalysis
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Bearish
$SXP SHORT TRADE SETUP
$SXP has slipped back after failing to hold its recent push above 0.0700, and the candles are now showing steady selling pressure on the 1h timeframe. The lower highs are confirming that buyers are losing momentum, while price continues to respect the downside channel. As long as the structure stays below 0.0650, bears remain in control and the chart favors further downside.
A clean breakdown from the current zone can open room for another leg down toward the next support levels.
Entry: 0.0639 – 0.0645
TP1: 0.0622
TP2: 0.0605
SL: 0.0664
#SXPAnalysis #CryptoTradingSetup
$SXP SHORT TRADE SETUP
$SXP has slipped back after failing to hold its recent push above 0.0700, and the candles are now showing steady selling pressure on the 1h timeframe. The lower highs are confirming that buyers are losing momentum, while price continues to respect the downside channel. As long as the structure stays below 0.0650, bears remain in control and the chart favors further downside.
A clean breakdown from the current zone can open room for another leg down toward the next support levels.
Entry: 0.0639 – 0.0645
TP1: 0.0622
TP2: 0.0605
SL: 0.0664
#SXPAnalysis #CryptoTradingSetup
$SXP has slipped back after failing to hold its recent push above 0.0700, and the candles are now showing steady selling pressure on the 1h timeframe. The lower highs are confirming that buyers are losing momentum, while price continues to respect the downside channel. As long as the structure stays below 0.0650, bears remain in control and the chart favors further downside.
A clean breakdown from the current zone can open room for another leg down toward the next support levels.
Entry: 0.0639 – 0.0645
TP1: 0.0622
TP2: 0.0605
SL: 0.0664
#SXPAnalysis #CryptoTradingSetup
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