Should rise above 0.5810...

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(SXPBTC 1W chart)

The key is whether the price can sustain the rise above 0.0000 3071 to 0.0000 4386.


Trading in the BTC market is not easy.

Therefore, what you need to check on the BTC market chart is the strength of this coin (token) against BTC.

Whether the BTC price rises or falls, if the BTC market chart of this coin (token) is showing an upward trend, it can be interpreted that as many people want to buy this coin (token).

This is because the price of the stablecoin market chart (USDT, BUSD, USDC) will fluctuate according to these movements.


However, it is not necessary to look at all coins (tokens) because the BTC market chart or USDT market chart moves almost the same for coins (tokens) with a low market cap.


Therefore, there is no need to check the BTC market chart for SXP coins.

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(SXPUSDT chart)

As it rises above 0.4110, it appears to be trying to break away from the bottom.

However, in order to completely break out of the bottom, the price needs to rise above 0.5810 to maintain the price.


why? Did the price rise...
why? Could the price have gone down...

It may be natural to want to know this.

However, volatility happens and knowing why doesn't help you in trading.

On the contrary, as you learn the reason, your subjective thoughts will become stronger, and the possibility of making an erroneous transaction will only increase.


So, when you see a chart where prices have surged or fallen like this, it's good to see how the next wave forms.

It is not a good idea to create a trading strategy after volatility has occurred.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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تعليق:

(SXPUSDT 1D chart)

تعليق:

(SXPBTC 1W chart)

Whether it can rise above 0.0000 3071 to 0.0000 4386 is the key.

If it fails to rise above 0.0000 3071 and shows resistance around 0.0000 2563, it will be a stop loss.

تعليق:

(SXPUSDT chart)

(SXPBTC 1W chart)

(SXPKRW chart)

We are approaching an important section in each chart.