$SXP just rejected cleanly from the intraday supply block, and momentum is already shifting back downward............

After multiple failed pushes above the grey resistance line, sellers are stepping in with strength a classic sign of a fading bounce........

As long as price stays below the rejection zone, continuation to the downside remains highly likely...........

Trade Setup

Entry: 0.0668 – 0.0660

Target 1: 0.0642

Target 2: 0.0618

Target 3: 0.0593

SL: 0.0694

SXP
SXP
0.0641
+2.72%