$SXP just delivered a strong impulsive breakout on the 1H chart — a clean vertical move from the 0.056 region straight into 0.068+ with sharp volume expansion. This type of candle usually appears when liquidity is cleared and fresh buyers step in aggressively.
Support & Resistance (Briefly):
• Immediate Support: 0.0615 – 0.0620 (the breakout retest zone)
• Secondary Support: 0.0570 (where the first rally started)
• Major Resistance: 0.0695 – 0.0700 (today’s wick high)
Right now, the price is hovering near resistance after a sudden spike. If
$SXP / stabilizes above 0.062 and absorbs selling pressure, the uptrend can continue smoothly. The structure has shifted bullish after a long down-phase, and buyers finally regained control.
Next Target Prediction:
If SXP breaks above 0.0700 with a solid candle, the next upside levels to watch are:
• TP1: 0.0728
• TP2: 0.0755
• TP3: 0.0790 (strong bullish extension)
However, losing 0.0615 support may cause a pullback toward 0.0570 before any new push.
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