Hy

https://steemit.com/hive-108451/@salemumar5/repost-sxp-usdt-buy-spot-steemit-crypto-academy-s6t2-team-trading-contest-post-for-team-frontline#@abdu.navi03/r8pxs2

In this season i will be joining Team-Frontline lead by professor @abdu.navi03 and @shemul21. Howbiet relating with my trades previous week in highly volatile market I can't maintain proper results and got hit my stop loss hit after doing possible DCA. So in this week i will accumulate my previous losses which i had suffer ultimately a 30$ loss. Now lets get start the trading post.

Project and teamwork:

This coin is probably fame by its transaction designed held by a payment cards which truly engage traders, they also maintain a global hub which can establish a bridge between crypto and fiat. This coin also engaged in solar network and empower them by bonding and governance by emerging Consensus mechanism of DPOS.

The token also involved in incentives while giving projects and managing the campaign many other collaborations like swipe ecosystem and providing the added value. As i mentioned the payment globalization of transaction attaining coin also enhances their traders for debit card support. Held like other token you must have to stake your tokens to obtain services but they provides these services for traders means by using the swipe ecosystem. Whilst they maintain higher tier cards which includes the benefit of using the Netflix, no foreign transaction fees, discounts by Starbucks, Uber and other music services

Source

The staking format of sxp provides the rewards to their traders by giving them Sxp Tokens and also engaged the traders for securing the network like similar Tokens sxp also maintain the traders by giving governance voting for swipe network and proposal.

The team also leads by efficient and effective leaders sharing the swipe SXP token you can look below the team in which it experts are one of the leading stars

Source

This person is very highly expert in his profession and leading the innovation in technology space in efficient way.

Source

Technical analysis:

The coin is sxp/usdt with 4 hr time frame which you can see i used golden and death cross strategy alonG with RSI along with higher high strategy, though you can see two Indicators and one strategy which you can see the higher high neck line has been broke and rsi also gave me upward trend signal, yet am waiting for golden cross to invest more dollar at long term.

Using different time frame:

Here tou can see am using 1day time frame which you can see rsi gave me signal price is also above Bollinger bands which might be a bull run.

With ichimoku and Bollinger bands4 hr time frame:

Here you can see the ichimoku and Bollinger bands gave me a breakout same above 4 hr chart here am using different Indicator the neck line has been broke and might be upward trend using stop loss below previous low and neck line attaining 2 $ loss and might if the trend matches the trade will be closed above at price 2$.

SXP/USDT history:

I maintain the take profit area along with stop loss at 1.2 dollar also checking the stop loss for closing the trade at right time.

My wallet here you can see almost 1$ profit is achieved, one thing i want to tell you guys that the trade will be in my favour because of the market sentiments.

My Recommendations and opinions:

I will approach you guys to take in to this trade because i have use many Indicators along with different Fundamentals which encourages me to trade in this token, almost the token last high is 5$ ehich seems to be very rare because this token not yet broke that resistance yet and ain't came 3$ for long time.

My opinion is to trade with this coin for long term but if the 1 day neck line broke other wise it will be very hard for this token to rise up again. Checking the BTC coin because the pump of BTC ultimately encourages alt coins lets have a look into BTC.

The BTC/USDT might take a correction from 41565$ and if this broke than chances for upward market will be vanishes but if the fundamentals would be string than it will break all resistance without any complexity.

My aim to hold this coin:

I aiming to hold this coin for 7 days at least if the neck line broke i will do DCA again and buy again, for future always use stop loss though jot doing future trading though i will hold this coin buy using the support and resistance because the coin support is 0.55 with a shadow.

I will wait and buy in dip again because this coin having good fundamental and white paper having global payment methods and many other ventures like Netflix, foreigners free fees etc.. though this type of coins can make bullish run in future though holding this coin for weeks not a bad idea.

Conclusion:

The coin i selected having strong fundamentals since its birth, i also invested in this coin few months ago and generated 20$ profit also share my trading in this group. For now the coin has been reached in his dip though this i sgreat opportunity for traders to buy the coins in this stage.

The coin having good technical Fundamentals, also i used many strategies to point out the uptrend which you can read above. Any positive news for this coin can ultimately pump this token towards 5 dollar again if this happens i will be free from all losses i obtain from previous trade but my aim for this coin is with 2 dollar at least.

Now lets wait and watch the sentiments of market and from that i will use DCA or stop loss but the market seems to be in good condition.

This us my trading style and techniques hope you guys like that waiting for hou response what should i do also u analysis much lets see what happened thanks for you time and read.

Cc:
@abdu.navi03
@shemul21