SXP Price Technical Analysis 03.04.2023

SXP, after experiencing a sharp increase in recent days, has managed to pull back from the 0.60 levels, which is an important resistance area I have been following on the daily timeframe, to the 0.45 levels. Subsequently, it gained the resistance area with substantial volume and made an upward movement reaching 0.70 levels.

Currently, the first resistance I am following in $SXP is at 0.75$ – 0.7550$ levels. In case of a possible pullback, I expect it to react from the 0.60$ levels.

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