🚀
$SXP UPDATE: Major Breakout! Is a New Rally Starting? 🏛️🚨
Solar (
$SXP ) is showing strong bullish momentum, currently trading at $0.0230 with a solid +21.05% daily gain! After a sharp vertical spike to $0.0266, the price is now consolidating, looking for the next leg up.
📊 Technical Analysis:
• Trend Status: The trend is currently BULLISH. The price is holding well above the Supertrend support floor of $0.0198.
• Volume Profile: Trading volume is healthy at $2.94M (USDT), showing active participation during this breakout.
• Market Sentiment: Bulls are in the lead with 58.79% Longs vs 41.21% Shorts in the order book, indicating high confidence in further upside.
🎯 Key Levels to Watch:
• Immediate Resistance: $0.0252 – $0.0266 (Recent Highs)
• Critical Support: $0.0217 – $0.0198 (Supertrend Level)
⚠️ Perfect Trade Plan:
📈 Bullish Scenario (Breakout Play):
• Confirmation: Entry on a 1H candle close above $0.0240.
• Targets: $0.0266 | $0.0285 | $0.0310+ 🚀
• Stop Loss: $0.0215
📉 Bearish Scenario (Healthy Correction):
• Confirmation: If the price fails to hold $0.0220, look for a retest of the Supertrend.
• Targets: $0.0198 | $0.0186 🩸
• Stop Loss: $0.0245
🔥 Market Insight: The massive rejection wick at $0.0266 shows strong selling pressure at the top. However, as long as $0.0198 holds, the overall structure remains bullish for a second attempt at the highs!
#sxp #Binance #CryptoAnalysis #TradingSignals #bullish 📈