SXP/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 1.2844, 1.3380, 1.3400.
Key Support Levels: 1.2333, 1.1994, 1.1774.
Daily Time Frame:
The price on the higher time frame failed to continue its move to the downside where an engulfing bullish pattern has been posted. This could lead to a reversal and then a move to the upside toward the next key resistance levels.
SXP/USDT (Futures) Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Market Order @ 1.2402
Target Profit 1 @ 1.2844
Target Profit 2 @ 1.3380
Stop Loss @ 1.1958
Trade Safely 🙂