$SXP Market Update
Long Liquidation: $1,243.8 at $0.346
Indicates selling pressure with buyers exiting positions.
Buy Zone
Entry Range: $0.3300 to $0.3450
Look for consolidation or reversal signals in this range before entering.
Target Levels
1. First Target (T1): $0.3600 (Short-term recovery)
2. Second Target (T2): $0.3800 (Potential upward momentum)
Stop Loss
Stop Loss: $0.3250
Protects against a deeper drop.
Key Observations
Volume Spike: Increased buying volume near $0.3450 may signal a reversal.
Trend Confirmation: A close above $0.3500 shows bullish potential.
Market News: Watch for updates or whale activity to affect movement.
Risk-Reward Plan
Stick to a 1:2 risk-reward ratio for a well-balanced trade.
Trade smart, stay focused, and wait for the right setup!
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