$SXP /USDT BREAKING OUT – BULLS AIM FOR CONTINUATION 🚀
BULLISH BIAS: MOMENTUM FAVORS UPSIDE CONTINUATION
/USDT is showing strong bullish momentum after a sharp ~10% upside move, supported by rising volume and a clear push away from recent lows. Price is holding above the short-term support zone, indicating buyers are in control. As long as SXP sustains above the key demand area, the probability favors further upside toward recent highs.
Immediate Explanation of Market Next Move
After bouncing from the 0.0679 support zone, price formed higher lows and broke above intraday resistance. The structure suggests a bullish continuation, with buyers likely targeting the 0.0830–0.0900 resistance area next. Any minor pullback is expected to be corrective rather than trend-reversing.
Trade Setup (LONG – Preferred)
Entry (Buy):
0.0745 – 0.0760 (on pullback / support retest)
Targets (TP):
TP1: 0.0830
TP2: 0.0885
TP3: 0.0950
Stop Loss (SL):
0.0715 (below key intraday support)
Risk-managed entry with favorable R:R while price holds above support.
Alternate Scenario
If price breaks and closes below 0.0715, bullish bias weakens and a short-term pullback toward 0.0680 may occur.
Short Market Outlook
Momentum and volume favor buyers in the short term. As long as SXP remains above the demand zone, continuation toward higher resistance levels is likely. Traders should watch volume expansion for confirmation of the next leg up.