This $SXP Setup Looks Ready to Break Out – Here’s What to Know
Entry: $0.1783
Stop Loss: $0.1616
Targets: $0.2124 (Buyside Liquidity) / $0.2275 (External Range High)
Technical Justification:
🔹 Order Block Reentry: Price is retracing into a daily Bullish OB, acting as a high-probability demand zone.
🔹 Market Structure Shift: Clear BoS following a liquidity sweep below previous swing lows confirms bullish intent.
🔹 Liquidity Mapping: Clean BSL pools sit above recent highs, aligning with projected target zones.
🔹 SMC Confluence: Favorable R:R, aligning with SMC- Targeting inefficiencies and liquidity.
🔹 Bullish Order Flow: HTF curve indicates potential accumulation and continuation.
Bias: Bullish
Setup Type: Order Block + Liquidity Sweep
Strategy: Wait for confirmation/reaction at OB → Execute Long → Trail to external liquidity
Note: Ideal for precision-based entries post-reaction confirmation on LTF (4H or 1H) & NFA and Always DYOR
