$SPY /USDT is showing a classic range-bound recovery after a liquidity sweep — and right now, price is creeping into a supply zone where sellers are likely waiting 😏📉

We saw that sharp downside wick (liquidity grab) followed by a strong reclaim — that confirms buyers stepped in aggressively 💪📈 BUT… here’s the catch ❗

Price is now approaching a previous resistance zone near 710–712, and momentum is clearly slowing down. The structure is turning weak with small-bodied candles… that’s often a sign of exhaustion 😮‍💨

This looks like a low-risk SHORT setup — not because the trend is fully bearish, but because we are tapping into a reaction zone where smart money usually distributes 🧠💰

If sellers defend this zone, we could easily see a pullback back toward the lower support range.

Patience here is key… don’t chase, wait for confirmation near entries 🤫

709.8 ___ 710.5

SL: 712.3

TP1: 708.5

TP2: 707.2

TP3: 706.4

SPY
SPYUSDT
711.53
-0.08%