#数字资产行情上升 SXP made a key breakout tonight. Not only did it close higher, but more importantly, it broke through several major moving averages with a solid bullish candlestick, which is a clear bullish signal from a technical perspective. The biggest resistance at the moment is the previous high of 0.0661. Once this is effectively broken, there could be much more upside potential.
Trading volume increased simultaneously, indicating a rise with volume, which means it's not just a simple bearish rebound. Judging from the candlestick pattern, the trend is already clearly bullish. Any subsequent pullback could become a buying opportunity.
**Bullish Strategy**
If the price pulls back to around the MA7 moving average support at 0.0650 and quickly rebounds, this is a high cost-effective entry point; you can build long positions in batches.
If the price strongly breaks through today’s high of 0.0661, it will signal an accelerated rally, and you can follow up with a small position.
Stop-loss is crucial—it must be set below the MA25 moving average at 0.0615. If it falls below this level, it means the uptrend may be invalidated, and you should exit unconditionally and wait for the next opportunity.
**Bearish Risks**
If the price tests 0.0661 multiple times without breaking through, and there are long upper shadows or a double top pattern, this could be a sign of bullish exhaustion. You can try a very small short position.
If there is a significant drop below the MA7 support at 0.0650 and further down to 0.0620, it indicates the bullish momentum is broken, and you can consider following with a short.
Short stop-loss must be strictly enforced and set above 0.0665. If a new high is made, stop out immediately—do not hesitate.
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MEVHunterX
· 13h ago
Hey, is 0.0661 really that tough? It feels like it's just a little bit away.
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MeaninglessApe
· 15h ago
SXP this wave is indeed interesting. The trading volume is well coordinated. Now it's just a matter of whether it can hold above 0.0661.
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RebornInTheCryptoWorld
· 12-09 17:42
A breakthrough is a bit difficult.
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PaperHandSister
· 12-09 17:10
It's the same moving average strategy again, every time the explanation is extremely detailed, but as soon as there's a pullback, it ends up getting stopped out. I'm still on the sidelines for this SXP move.
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WhaleWatcher
· 12-09 17:08
If it breaks the level, we need to see if it can really hold above 0.0661. Just crossing the moving average isn't enough.
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rugpull_survivor
· 12-09 17:00
Trying to trick me into buying SXP again? If it can't break 0.0661, I'm out.
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MerkleMaid
· 12-09 16:50
Whether this key level of 0.0661 breaks or not is really a watershed moment. I just want to see if it can break through directly today.
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PerpetualLonger
· 12-09 16:42
Damn, this wave is really coming. 0.0661 must be broken. I'm already all-in and waiting to add more.
#数字资产行情上升 SXP made a key breakout tonight. Not only did it close higher, but more importantly, it broke through several major moving averages with a solid bullish candlestick, which is a clear bullish signal from a technical perspective. The biggest resistance at the moment is the previous high of 0.0661. Once this is effectively broken, there could be much more upside potential.
Trading volume increased simultaneously, indicating a rise with volume, which means it's not just a simple bearish rebound. Judging from the candlestick pattern, the trend is already clearly bullish. Any subsequent pullback could become a buying opportunity.
**Bullish Strategy**
If the price pulls back to around the MA7 moving average support at 0.0650 and quickly rebounds, this is a high cost-effective entry point; you can build long positions in batches.
If the price strongly breaks through today’s high of 0.0661, it will signal an accelerated rally, and you can follow up with a small position.
Stop-loss is crucial—it must be set below the MA25 moving average at 0.0615. If it falls below this level, it means the uptrend may be invalidated, and you should exit unconditionally and wait for the next opportunity.
**Bearish Risks**
If the price tests 0.0661 multiple times without breaking through, and there are long upper shadows or a double top pattern, this could be a sign of bullish exhaustion. You can try a very small short position.
If there is a significant drop below the MA7 support at 0.0650 and further down to 0.0620, it indicates the bullish momentum is broken, and you can consider following with a short.
Short stop-loss must be strictly enforced and set above 0.0665. If a new high is made, stop out immediately—do not hesitate.