🚨 Attention Traders! 🚨
Watch out for $SXP /USDT! Today we are seeing a considerable drop of -7.01%, trading at $0.1765. The outlook is a bit complicated, and it seems that market manipulation is having its effect. The 24-hour high was $0.1920 and the low was $0.1716, a lot of movement in a short time!
The moving averages give us a clear signal of caution. The MA(7) is at $0.1769 and the MA(25) at $0.1769. The MA(99) is at $0.1824, indicating that we are below important averages, a bearish signal. If it does not manage to recover the $0.1824 soon, we could see further declines.
The order book is where the manipulation becomes evident. We have a demand of 6.27% and a massive supply of 93.73%. This is a clear sign of massive selling pressure! Although there are buyers at 0.1763, the supply is overwhelming at 0.1764, suggesting that there are strong hands pushing the price down.
So, a lot of caution with SXP! Patience will be key here. Don't get carried away by FOMO or try to "catch the knife" falling into manipulation. Smart traders will be looking for a clear consolidation and a change in market sentiment before considering any entry. Right now, the risk is high!
Stay alert and trade strategically!
