On the 1-hour timeframe, 
SPXUSDT is currently showing a bullish continuation setup after a strong impulsive move to the upside. The market has been forming higher highs and higher lows, confirming that buyers are in control and momentum remains positive.
After rallying toward the recent highs near the $0.3830 resistance area, price has started to pull back slightly, which is a healthy sign of consolidation rather than weakness. This pullback is now approaching a key confluence zone between $0.3395 and $0.3311.
If price holds this support zone and shows bullish confirmation (like strong green candles or rejection wicks), we could see continuation toward the upside targets:
Target 1: $0.3610 — a near-term resistance level and first profit-taking zone
Target 2: $0.3890 — a major resistance area near the recent high
Key Levels to Watch
Demand Zone: $0.3395 – $0.3311
Entry Level: Around $0.3390 on confirmation
Stop Loss: $0.3290
Upside Targets: $0.3610 and $0.3890
Overall Outlook
As long asSPXUSDT holds above the demand zone, the structure remains constructively bullish. This pullback appears to be a continuation setup, and a strong reaction from this support region could trigger the next move toward the $0.38–$0.39 resistance zone.
SPXUSDT is currently showing a bullish continuation setup after a strong impulsive move to the upside. The market has been forming higher highs and higher lows, confirming that buyers are in control and momentum remains positive.After rallying toward the recent highs near the $0.3830 resistance area, price has started to pull back slightly, which is a healthy sign of consolidation rather than weakness. This pullback is now approaching a key confluence zone between $0.3395 and $0.3311.
If price holds this support zone and shows bullish confirmation (like strong green candles or rejection wicks), we could see continuation toward the upside targets:
Target 1: $0.3610 — a near-term resistance level and first profit-taking zone
Target 2: $0.3890 — a major resistance area near the recent high
Key Levels to Watch
Demand Zone: $0.3395 – $0.3311
Entry Level: Around $0.3390 on confirmation
Stop Loss: $0.3290
Upside Targets: $0.3610 and $0.3890
Overall Outlook
As long as
SPXUSDT holds above the demand zone, the structure remains constructively bullish. This pullback appears to be a continuation setup, and a strong reaction from this support region could trigger the next move toward the $0.38–$0.39 resistance zone.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.