Educational analysis of a potential trade on SXP/USDT – Smart monitoring of price movement
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In this analysis, I share with you a potential trading scenario on the SXP/USDT currency based on current technical indicators:
Proposed entry area: 0.223
First target: 0.235
Second target: 0.243
Stop loss: 0.219
Movement analysis:
The price is moving within an upward channel on the short frame
Positive crossover for the RSI with a rise in momentum
Increasing trading volume near the breakout point
Important note:
This is just an educational analysis and not a direct recommendation. Follow market signals and trade with strict risk management.
What do you think about the movement of SXP? Do you see it as an opportunity this week?