🔥$SXP /USDT – Slipping but Showing Signs of Stabilization ⚠️
$SXP is trading at $0.1616, down –1.46%, after finding support at $0.1588.
Price is currently squeezed between the lower and middle Bollinger Bands, suggesting indecision and a potential volatility burst ahead.
🔻 Consistent downtrend with brief recovery attempts
🟣 Support holding at $0.1588 — bulls trying to step in
🟡 A break above $0.1657 would signal a short-term reversal
🎯 Range-Bound to Reversal Setup
🔹 Entry Zone: $0.1605 – $0.1620
🎯 TP1: $0.1635 – Mid-band retest
🎯 TP2: $0.1657 – Upper Bollinger touch
🎯 TP3: $0.1685 – Resistance breakout
🛑 Stop Loss: $0.1578