SXP/USDT is getting ready to breakout

2 Kas 2021

After bouncing from the Monthly support, now it has 200 EMA in Daily chart as a resistance. If it manages to break this resistance it can rally up. Next resistance is the trend-line from the Daily chart. If daily closes above the 200 EMA, a low risk long trade can be entered with a tight stop-loss below the 200 EMA in Daily chart.

Take Profit 1 - $3.4
Take Profit 2 - $4.4
Take Profit 3 - $5.8