OUR #SXP ANALYSIS AT THE START OF THIS MONTH PAID OFF! A WONDERFUL BOUNCE FROM BELOW ITS MAJOR SUPPORT
SXP visited its yearly lows and has now a new low of 0.1637, this has given us an idea that this will be met with extreme concentration of demands from hungry buyers. The recent bounce after meeting the demands have provided a 48.78% increase. This is where the monthly accumulations occur. Right now we can finally see the usual ranging from its major resistance to major support to happen. The range from 0.1965-0.3591 as its major support and major resistance. As we have witnessed an attempt to fully break this major resistance, the shakeout happened. When there will be more sellers sell orders awaiting at the major resistance, we can expect this altcoin to continue accumulating its strength until a major breakout to happen for its markup phase.
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Stay wise, trade cautiously.
