#SPX Long Liquidation Analysis
Entry Point
Liquidation occurred at $0.76232Initial Long Position: $13.097K
Target
-Short-term Target: Identify resistance at $0.8000
-Mid-term Target: Aim for significant support near $0.7500 for potential rebound
Stop Loss
Set stop loss at $0.7400 to manage risk
Risk/Reward Ratio
-Potential Reward: $0.8000 - $0.76232 = $0.03768
-Risk per trade: $0.76232 - $0.7400 = $0.02232
-Risk/Reward Ratio: 1.68:1
Conclusion
Stay vigilant with #SPX movements and adjust strategies accordingly to capitalize on market dynamics.