Not loving the look of $SPX up here 👇
Pumps like this one on SPX (19% in 4 days) always bring in late buyers. That's usually where it gets risky.
The break above 0.3805 was tiny (5.4%) and 0.4012 got rejected straight away. That's not strength, that's buyers running out of steam.
The spot I care about is 0.3443. That's where the last dip bottomed (it retraced 82% of the move) and nobody's been back since. I'd expect price to go and check it. If it closes above 0.4012 though, I'm wrong.
📌 My trade: short from 0.3857, stop at 0.4064, target 0.3443 (+10.7%, 1:2)
Agree or disagree? Let me know 👇
Follow for daily chart breakdowns 🔔
Just my view, not financial advice.
#SPX #Altcoins #CryptoTrading
Pumps like this one on SPX (19% in 4 days) always bring in late buyers. That's usually where it gets risky.
The break above 0.3805 was tiny (5.4%) and 0.4012 got rejected straight away. That's not strength, that's buyers running out of steam.
The spot I care about is 0.3443. That's where the last dip bottomed (it retraced 82% of the move) and nobody's been back since. I'd expect price to go and check it. If it closes above 0.4012 though, I'm wrong.
📌 My trade: short from 0.3857, stop at 0.4064, target 0.3443 (+10.7%, 1:2)
Agree or disagree? Let me know 👇
Follow for daily chart breakdowns 🔔
Just my view, not financial advice.
#SPX #Altcoins #CryptoTrading