🚨 Short Liquidation Alert: $5.0688K at $0.68804! 🚨
The $SPX market just witnessed a short liquidation of $5.0688K at $0.68804, signaling a significant move in price. Are we on the brink of a breakout, or is this a trap? Let’s dive into the details:
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Key Levels to Watch
📌 Buy Zone: $0.67000 – $0.68500
This range serves as a potential entry point, as buyers could step in to push the price higher after the liquidation.
📌 Target 1: $0.71000
📌 Target 2: $0.73500
📌 Target 3: $0.75000
These levels act as profit-taking zones if $SPX builds upward momentum.
📌 Stop Loss: $0.66000
A stop loss below this level minimizes risk in case the price dips further.
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Market Sentiment
Bullish Signal: Liquidations often lead to sharp recoveries, and $SPX could rebound quickly if buying pressure increases near $0.68500.
Bearish Warning: A drop below $0.67000 might indicate continued downward momentum, so stay cautious.
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Tips for Trading $SPX
1. Follow the Trend: Wait for clear signs of a bounce before entering a position.
2. Stick to the Plan: Use the provided levels to guide your trades and avoid emotional decisions.
3. Manage Risk: Only trade with an amount you can afford to lose and set your stop loss strictly.
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🚀 Quick Takeaway: $SPX is at a critical juncture. Will the bulls take control, or will bears dominate further? Keep a close eye on the buy zone and key levels for your next move.
What’s your strategy for $SPX? Let’s discuss!
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