SXP/BTC (Holding New Support?)

SXP/BTC

-After a -25% drop from the High 23700 sat range
-it may have found support at the trendline area and 50ma
-If this 4H candle closes above the 19900 sat
-There is a chance this level will hold for the next 24 hours or so
-A possible upside retest of 2300 sat area
-Bearish scenario, a candle closes below 50ma will lead downward action