$SXP /USDT BEARISH OUTLOOK 📉
Key Levels:
- Current Price: $0.3203
- Resistance Levels: $0.3400, $0.3600, $0.3800
- Support Levels: $0.3180, $0.3000, $0.2800
Trade Setup:
- Short Entry: $0.3200
- Take Profit (TP):
- TP1: $0.3000
- TP2: $0.2800
- Stop Loss (SL): $0.3400
Risk Management:
- Risk/Reward Ratio: 1:2
- Position Size: 1-2% of total portfolio
Summary:
We are looking to short $SXP/USDT due to the recent bearish trend and the price breaking below key support levels. The current price action suggests further downside potential, making this a favorable setup for a short trade. 📉
Happy trading and may the market be in your favor! 📈💸