To analyze this chart and create a "W" shape trading signal, we will need to identify potential support and resistance levels along with price trends. Let me draft a trading signal for you based on the chart:
$SXP /USDT Trading Signal - Potential W Formation?
Entry Range: $0.378 - $0.382
Targets:
Target 1: $0.390
Target 2: $0.400
Stop Loss: $0.372
Observation: SXP is showing signs of consolidation near the $0.379 level, suggesting the possibility of a bullish "W" pattern forming. Look for a breakout above $0.382 to confirm upward momentum.
