SXP may not be able to rise in the coming days but will fall sharply from $1 zone to $0.6 zone and then rebound back to $1 zone and will rise sharply after February 12 (Lunar New Year).
If $0.6 zone continues to lose, it will slowly fall back to $0.4 zone, which is a good zone to buy.
📈BUY
-Buy: 0.55-0.6$. SL B
-Buy: 0.95-1$. SL B
📉SELL
-Sell: 0.95-1$. SL A
-Sell: 1.3-1.35$. SL A
-Sell: 1.65-1.7$. SL A
♻️BACK-UP
-Sell: 0.55-0.6$ if B.SL A
-Buy: 0.4-0.45$. SL B
-Buy: 0.95-1$ if A. SL B
-Sell: 1.3-1.35$.SL A
-Sell: 1.65-1.7$.SL A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
If $0.6 zone continues to lose, it will slowly fall back to $0.4 zone, which is a good zone to buy.
📈BUY
-Buy: 0.55-0.6$. SL B
-Buy: 0.95-1$. SL B
📉SELL
-Sell: 0.95-1$. SL A
-Sell: 1.3-1.35$. SL A
-Sell: 1.65-1.7$. SL A
♻️BACK-UP
-Sell: 0.55-0.6$ if B.SL A
-Buy: 0.4-0.45$. SL B
-Buy: 0.95-1$ if A. SL B
-Sell: 1.3-1.35$.SL A
-Sell: 1.65-1.7$.SL A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.