$SXP /USDT – High Volatility Pullback, Key Decision Zone ⚠️
Momentum Analysis
SXP is in a sharp corrective phase after failing to hold above the 0.06–0.07 supply zone. Heavy sell pressure pushed price down ~17%, but volume remains elevated — signaling active participation, not dead liquidity. This is a make-or-break range between demand absorption and further downside.
Long Setup (Aggressive, Counter-Trend)
Entry Zone: 0.0450 – 0.0485
Targets:
T1: 0.0550 (VWAP / minor resistance)
T2: 0.0615 (previous support → resistance)
T3: 0.0680 – 0.0700 (major supply zone)
Stop Loss: 0.0415 (range low invalidation)
Breakout Confirmation Level
Bullish confirmation: Daily close above 0.0555
Without this, upside moves are likely dead-cat bounces
Key Support Zones
Primary: 0.0430 – 0.0450
Last defense: 0.0417 (if this breaks → high risk of continuation down)
Market Data Snapshot
Price: 0.0480
24H High / Low: 0.0664 / 0.0433
24H Volume: 108.89M SXP | 5.21M USDT
Trend: Short-term bearish, mid-term range forming
Pro Tip 🧠
This is NOT a FOMO trade. Either play a tight bounce from support or wait patiently for reclaim + volume above 0.055. In weak markets, confirmation beats prediction.