SXPUSDT 1D - At the ground floor! Basement? Or going up?

SXP is potentially at it's bottom support. At least as far as historical data goes.

We see volume has absolutely tanked as the price has been consolidating down, constantly bouncing off the yellow support zone. A couple volume spikes notably on green candles.

RSI is very oversold.

MACD is fighting sideways. I think the earlier volatility followed by the sideways movement has kind of paralyzed this indicator at this moment.

Wait for a confirmed breakout direction. As volume is at a low we're likely to see some increased pressure in one direction or the other in the coming days.

If we're heading up, TP's are in green, the yellow fib is possible bounce point on short term breakout, and the Purple (Violet? Pink? magenta? your guess is good as mine fellas) levels are long term potential tp's.

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