๐ป $SPX
USDT โ STRONG REBOUND, BUT NEARING SHORT-TERM RESISTANCE ZONE!
$SPXUSDT surged +5.19% and is currently trading at $1.2693, recovering sharply from its 24h low of $1.1931. The price is now testing local resistance, and a possible pullback or consolidation could occur before any further upside.
๐ Key Levels:
Support: $1.2260
Resistance: $1.2810
Current Price: $1.2693
๐ฏ Trade Setup (Short-Term Pullback Idea):
Entry Zone: $1.2700 โ $1.2800
Take Profit Targets:
TP1: $1.2450
TP2: $1.2260
Stop Loss: $1.2865
๐ Market Outlook:
Price is approaching MA(10) resistance zone while volume shows signs of fading. The rally from the lows looks overextended intraday, and if price fails to break and close above $1.2810, sellers could step in for a short-term correction.
โ ๏ธ Risk Management:
Good spot for a risk-controlled short scalpโonly if price fails to hold above $1.2800. Always use stop loss, risk 1โ2% per trade max, and wait for confirmation candles before entry.
WAIT โณ if you're watching for rejection signs around this level!
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