SPXUSDT Forms Classic Cup and HandleSPXUSDT daily chart is showcasing a strong Cup and Handle breakout with high volume, a classic bullish continuation pattern. After a well-formed, rounded base, price has cleanly broken above the neckline resistance around the $1.80 level, supported by strong momentum and a sharp bullish candle. This breakout signals the potential for a significant upside move, with the next leg likely to push toward much higher price levels.
SP:SPX MEXC:SPXUSDT
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SPX/USDT – Retest Opportunity Within TriangleAs shared in the previous post, SPX was approaching a crucial breakout zone. Price has now retraced and is hovering around the lower trendline, presenting an ideal retest entry opportunity.
Entry (on retest): 1.37 – 1.39
Stop Loss: Below 1.33
Targets:
T1: 1.70
T2: 2.05
T3: 2.54
T4: 3.56
Support Levels: 1.3737 / 1.33
Resistance Levels: 1.70 / 2.05
Price structure remains intact, and consolidation above this range can fuel a strong move. Entering this retest zone keeps risk low with an excellent risk-to-reward ratio
DYOR | Not financial advice
SPXUSDT Approaching Breakout Zone – 20% Potential Move?SPXUSDT is gearing up for a potential breakout after consolidating in an ascending triangle. Price is once again testing the key horizontal resistance at $1.38, which has held for several days.
Structure:
Ascending triangle on the 4H timeframe – typically bullish
Multiple rejections at the $1.38 level indicate a strong breakout if flipped
RSI is around 63, signaling growing momentum
Trade Setup (If Breakout Confirms):
Entry: Candle closes above $1.38 resistance
Stop Loss: Below $1.3422 support zone
Targets:
$1.4753
$1.5679
$1.7019
Potential upside of ~20% if momentum holds.
Support & Resistance:
Immediate Support: $1.3422 & $1.2962
Major Resistance: $1.38 → $1.4753 → $1.5679 → $1.7019
A breakout from this structure can trigger a strong bullish move. Watch for confirmation and volume.
DYOR. Not financial advice.
SPX/USDT – Breakout WatchSPX is currently testing a major horizontal resistance zone around 1.34–1.36, after a consistent series of higher lows forming an ascending triangle.
Trade Setup:
Entry (after breakout and retest): 1.34–1.36
Targets:
First target: 1.475
Second target: 1.567
Final target: 1.701
Stop Loss: Below 1.29
Structure: Ascending triangle showing compression and bullish pressure
RSI: Trending up, signaling possible continuation
This setup requires patience — the ideal long entry is after a breakout with successful retest. Rushing in early can be risky.
Do your own research. Not financial advice.
SPX/USDT — Change of Character Signals Bearish Move Incoming The structure has shifted with a clear CHoCH (Change of Character), suggesting that bullish momentum is weakening. Price recently pulled back into a supply zone around 1.6140–1.6910, setting up a potential short opportunity.
🔍 Technical Breakdown:
Price broke below recent higher low = CHoCH confirmed
Bearish BOS followed by retracement into premium zone (FVG/Supply)
Expecting rejection and continuation to downside if price fails to reclaim 1.6140
🔧 Trade Plan:
Entry Area: 1.6140
Stoploss: Above 1.6910
Targets:
• TP1: 1.5290
• TP2: 1.4630
• TP3: 1.3500
This setup aligns with internal structure + supply zone + CHoCH. Wait for confirmation candle or bearish engulfing in entry area before executing.