When SXP approached the 1.2$ zone, buying power appeared to create a bear-trap below 1.2$. This shows that SXP can still rise again from this $1.2 area to the same $1.7 or even $2.1 area in the near future. But if it loses the 1.2$ zone, it will fall hard, at least it will fall to the 1$ zone
๐RED PLAN
โป๏ธCondition : If 1-Day closes ABOVE 1.2$ zone
๐ดBuy : 1.2
๐ดSell : 1.45 - 1.7 - 2.1
๐BLUE PLAN
โป๏ธCondition : If 1-Day closes BELOW 1.2$ zone
๐ตSell : 1.2
๐ตBuy : 1
โDetails
๐ซStoploss for Long : 10%
๐ซStoploss for Short : 5%
๐Red Arrow : Main Direction as RED PLAN
๐Blue Arrow : Back-Up Direction as BLUE PLAN
๐ฉGreen zone : Support zone as BUY section
๐ฅRed zone : Resistance zone as SELL section