-45% in a day and the knives are still falling.
$SXP just melted through every floor from the last 48 hours — and the chart is screaming the real flush hasn't even started yet. Most will try to catch this falling knife at the first green wick. Don't be most.
The levels don't lie 👇
**The Trade — SHORT (Swing 1D)**
Entry $0.00224400 | SL $0.00242352 | TP $0.00188496
2.0:1 R:R | 3-5x Cross max
This is a sell-limit resting into the overnight relief wick. We're shorting any dead-cat pop toward the prior 4H low as new resistance. Size it so a full stop-out costs no more than 1-2% of your account. This idea is dead if price closes past $0.00242352.
Tap $SXP to pull up the chart and set the limit — the entry is barely above spot, so it could fill on the next micro-bounce. Don't chase; let price come to you.
**Trader's Take**
4H RSI is buried at 15 — not a bounce signal, it's a momentum stampede. Bearish FVG at $0.0041–$0.0045 is now a massive supply zone. Open interest is zero: no smart money is defending a bottom. When volume dries up on a -45% candle, the next leg is usually a slow bleed, not a V-reversal. The R:R is clean and invalidation is tight.
I'll post the exact update the moment this triggers or invalidates — follow so you catch it.
LONG or SHORT $SXP here? 👇
⚠️ Not financial advice. DYOR.
#SXP #Crypto #BinanceSquare #Swipe