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
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.