BTCBelow92K

#SolvProtocolMegadrop

---$SXP

📈 SXP/USDT Technical Analysis – 4H Timeframe

We’re closely monitoring SXP/USDT as it demonstrates a potential bullish continuation pattern. Here’s a detailed breakdown of the setup:

🔍 Current Market Overview

Last Price: $0.3619

24H Volume: 50.05M USDT

Market Movement: After a significant green candle, the price has consolidated into a potential bull flag pattern, hinting at a continuation of the uptrend.

📊 Key Levels to Watch

1. Resistance Zone:

$0.4000: A breakout above this level may trigger a strong upward move.

2. Support Levels:

$0.3383 (Yellow): The first critical support zone.

$0.3129 (Blue): A stronger support level where buyers could step in.

🚀 Bullish Outlook

The price is trading above the moving averages, which indicates that bullish momentum is still intact. If the bull flag pattern plays out, we could see a significant price rally in the coming sessions.

⚠️ Risk Management

Always wait for a breakout confirmation before entering.

Place stop losses below critical support levels to manage risk effectively.

📝 Trading Plan

Entry: Wait for a clean breakout above $0.4000 with strong volume.

Targets:

Short-term: $0.4200

Medium-term: $0.4500

Stop Loss: Below $0.3383

📌 Stay Patient, Stay Disciplined!
This trade has excellent potential, but discipline and proper risk management are key to maximizing gains. Keep an eye on volume and price action for confirmation
.

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