๐Ÿ”ป $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.

๐Ÿ”‘ Key Levels:

Support: $1.2260

Resistance: $1.2810

Current Price: $1.2693

๐ŸŽฏ 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

๐Ÿ“Š 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.

โš ๏ธ Risk Management:

Good spot for a risk-controlled short scalpโ€”only if price fails to hold above $1.2800. Always use stop loss, risk 1โ€“2% per trade max, and wait for confirmation candles before entry.

WAIT โณ if you're watching for rejection signs around this level!

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