📉 $SXP /USDT – Trend Reversal Watch (1D Timeframe)
Price: $0.0649 (+19.08%) 🚀
SXP has shown an aggressive bounce after a long bearish decline, indicating early signs of a possible short-term reversal. The daily candle structure shows buyers stepping in from the $0.050 support level.
If momentum holds, SXP could push for a relief rally before facing strong resistance.
📊 Key Levels to Watch
Major Support: $0.0500
Local Support: $0.0600
Resistance 1: $0.0720
Resistance 2: $0.0850
Resistance 3: $0.1000
Long Entry Signal (Trend Reversal Play)
Entry Zone: $0.0600 – $0.0650
Targets (TP)
TP1: $0.0720
TP2: $0.0850
TP3: $0.1000+
🛑 Stop Loss (SL)
SL: $0.0540
📌 Analysis Summary
• Strong bounce from daily oversold zone
• Bullish engulfing structure forming
• Volume increasing = buyers returning
• Perfect setup for a short-term bullish relief rally
If bulls hold above $0.060 – upside continuation likely! 🔥🚀
