SXP in a bigger symmetrical triangle!

6 Jun 2021

Here's a quick look at SXP 4 hr chart. As we can see, the price has printed a bigger symmetrical triangle. If BTC moves higher from here, we should see a breakout for SXP to the upside soon, so keep an eye on this one! The best entry would be when the price breaks above the triangle with good amount of volume.

My 50x Pick - BonFire token

The idea is: Buy the breakout from the triangle shown in the chart and take profits at the levels shown in the chart.
Targets:

1. 2.58$
2. 2.7$
3. 3.24$

- Profits can also be taken in the resistance zone .

Follow me for daily profitable trading setups

BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!