🔥 $SPX Strong Uptrend with overbought signal
Current price is currently testing the upper BOLL band 0.31 and resistance 0.32. A break above 0.32 could trigger a run toward next resistance 0.33
K-line data shows a strong recovery from the 24H low 0.27, with multiple large green candles and high volume, indicating accumulation.
Price (0.31) is above all key MAs (MA5, MA10, MA20), confirming strength.
Entry Long $SPX
• Ideal entry on a pullback to 0.305–0.307 (near MA5 and support confluence).
• Alternatively, a breakout above 0.323 resistance with volume could be used for entry.
Stop-Loss: below support at 0.27
Target $SPX : 0.33 resistance level
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RSI and KDJ overbought conditions may cause short-term pullbacks.
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