SPX Building Strength Above Support | Breakout Structure Forming
SSPX/USDT is showing signs of accumulation after reclaiming key levels and stabilizing above the 0.365 – 0.371 support zone.
The structure reflects a transition from a downtrend into consolidation, followed by a gradual shift toward higher lows. Price is now holding above a key base while compressing below resistance — a classic setup for expansion.
Key Observations:
Strong reclaim of horizontal support
Formation of higher lows indicates demand
Compression below resistance (0.3789)
RSI near neutral, allowing room for upside
Trade Setup:
Entry Zone: 0.365 – 0.371
Targets:
0.3789
0.3849
0.3940
STOPLOSS:
.3620
Outlook:
As long as price holds above the 0.365 zone, the structure favors continuation toward higher resistance levels.
A breakout above 0.3789 could trigger momentum toward the upper supply zone near 0.3940.
This is a positioning phase before a potential move.
NFA | DYOR
The structure reflects a transition from a downtrend into consolidation, followed by a gradual shift toward higher lows. Price is now holding above a key base while compressing below resistance — a classic setup for expansion.
Key Observations:
Strong reclaim of horizontal support
Formation of higher lows indicates demand
Compression below resistance (0.3789)
RSI near neutral, allowing room for upside
Trade Setup:
Entry Zone: 0.365 – 0.371
Targets:
0.3789
0.3849
0.3940
STOPLOSS:
.3620
Outlook:
As long as price holds above the 0.365 zone, the structure favors continuation toward higher resistance levels.
A breakout above 0.3789 could trigger momentum toward the upper supply zone near 0.3940.
This is a positioning phase before a potential move.
NFA | DYOR
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.