ANALYSIS 🔎
- SXP/USDT is consolidating in a symmetrical triangle pattern .
- Price is testing the symmetrical triangle's inclined support.
- The market could bounce from this support zone if we have a relatively high buyers concentration.
BUY ENTRY ⬆️
- Aggressive entry: current market price.
- Conservative entry: breakout above the symmetrical triangle's inclined resistance.
TARGETS 🎯
- Symmetrical triangle's inclined resistance.
- Horizontal resistance level (@4.580).
- Horizontal resistance level (@5.870).
- Fibonacci extension level 1.0 (@7.102).
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.
- SXP/USDT is consolidating in a symmetrical triangle pattern .
- Price is testing the symmetrical triangle's inclined support.
- The market could bounce from this support zone if we have a relatively high buyers concentration.
BUY ENTRY ⬆️
- Aggressive entry: current market price.
- Conservative entry: breakout above the symmetrical triangle's inclined resistance.
TARGETS 🎯
- Symmetrical triangle's inclined resistance.
- Horizontal resistance level (@4.580).
- Horizontal resistance level (@5.870).
- Fibonacci extension level 1.0 (@7.102).
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.