$SXP /USDT after a sharp bounce 👀
I’ll keep this educational / market-structure talk, not a “do this” call.
What the chart suggests (high level)
Big move: From ~0.043 → ~0.056 = strong short-term momentum. That’s why it’s flagged as a gainer.
Current price ~0.0528: Sitting below the local high, so this is a pullback after expansion (normal behavior).
Vol spike: 108M SXP volume = momentum traders + volatility. Good for moves, bad for sloppy entries.
Key zones traders usually watch
Resistance:
0.056–0.060 → recent rejection zone
Near-term support:
0.050 → psychological + intraday structure
Major support:
0.043–0.040 → previous base + breakout origin
About the 0.0400 long idea
From a technical perspective:
That zone makes sense as a structure support, not a momentum entry.
If price revisits 0.040 without breaking structure, many traders would view it
