SXP – Freefall Mode Activated 🚨

Short Entry Zone: 0.0485 – 0.0495 🟩

Target: 0.0430 🎯

Stop Loss: 0.0510 🛑

Analysis

$SXP has officially slipped into a seller-dominated environment. After a failed recovery attempt, the momentum completely died, signaling clear distribution by stronger hands. What was once the key 0.049 support has now flipped into hard resistance, confirming a bearish structure.

On the 1H timeframe, price is forming a clean sequence of lower highs, each one weaker than the last — this is not random volatility, this is systematic downward pressure.

Price is now sitting on a thin demand shelf at 0.047. If that zone fails to hold, expect a fast, heavy breakdown as liquidity gets pulled and sellers press for the next leg lower.

This is a controlled descent, and bears have full command of the chart.

⚠️ Not financial advice — manage risk like a pro.