$SXP /USDT Trade Signal Reversal or Breakdown?
$SXP bounced from the $0.1735 level and briefly hit $0.1865 but failed to sustain momentum. The 1H chart shows repeated rejections at higher levels, and current price action suggests weakness with lower highs forming. If it loses $0.1740 again, further downside risk is likely.
Trade Setup
Setup: SHORT
Entry: $0.1760
TP1: $0.1710
TP2: $0.1650
Stop Loss: $0.1810
$SXP is struggling to reclaim bullish momentum. Bears are gaining control unless volume spikes with strong green candles.
Trade wisely. Confirm breakout or breakdown with volume.