$SPX It seems like you are referring to the S&P 500 Index Futures ($SPX) and are asking for a detailed analysis with potential buy zones, target levels, and stop-loss strategies. Below is an organic and unique explanation for trading based on the given scenario.

Current Market Overview.

Short Liquidation.

Indicates that short sellers are exiting their positions, causing the price to rise.

Price Point Mentioned.

$0.79875 (likely referencing an asset or leveraged instrument tied to $SPX).

This movement might signal bullish momentum, especially after a short squeeze.

Technical Analysis for $SPX.

Here’s a potential plan for entering and exiting trades.

Buy Zone.

Look for entry around $4,350–$4,380.

This range could be a support zone, as buyers typically step in after a short squeeze.

Target Levels.

1. Target 1 T1. $4,420

Minor resistance and profit-taking area.

2. Target 2 T2. $4,480

Significant resistance zone; expect volatility.

3. Target 3 T3. $4,520

If bullish momentum continues, price could test this level.

Stop Loss.

Place a stop-loss around $4,320.

This is slightly below the buy zone, protecting against unexpected bearish moves.

Next Steps & Tips.

1. Monitor Volume.

Ensure high volume supports the breakout.

2. RSI Indicator.

Check RSI Relative Strength Index. Avoid entering if RSI > 70 overbought zone.

3. Economic Events. Keep track of major news/events e.g., Fed announcements that can impact $SPX.

Conclusion.

This strategy aims to capture potential gains from a bullish breakout while protecting against downside risks with a well placed stop loss. Always trade with proper risk management and adapt based on market conditions.

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