The 19 percent reversal that nobody saw coming on SXP
Entry: 0.0600 ๐ฉ
Target: 0.0720 ๐ฏ
Stop Loss: 0.0540 ๐
$SXP is making an aggressive move off the daily floor. After a brutal downtrend, buyers just printed a massive 19% bounce with increasing volume. This isn't a dead cat; itโs a potential trend reversal structure forming right above the critical $0.050 support. The setup is textbook for a relief rally. If $SXP holds $0.060, expect a fast sweep toward the next major resistance. This move is confirmation that smart money is returning to oversold alts while $BTC consolidates.
NFA. Always manage your risk.
SXP
0.0672
+12.18%
BTCUSDT
Perp
92,306.4
+2.78%