Price action is showing signs of exhaustion after a failed attempt to break above 0.5530.
Bollinger Bands are squeezing — incoming move likely. Bias: bearish.
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Key Observations:
- Bearish RSI divergence – lower momentum despite higher highs.
- EMA9 / EMA21 support still holding, but momentum is fading.
- Coinbase Premium at -25 – signals institutional sell pressure.
- Volume declining on green candles — weak confirmation.
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Support Levels:
- 0.5250 – EMA21 zone
- 0.5145 – Bollinger mid-band / previous base
- 0.5000 – psychological round level + volume shelf
Break below 0.5145 unlocks downside space toward 0.5000.
Expecting short-term correction before potential reload.
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No emotional trades — just levels, structure, and execution.
#SPXUSDT #crypto #technicalanalysis #priceaction #RSI #EMA #BollingerBands #supportresistance #psychology #tradingview
Bollinger Bands are squeezing — incoming move likely. Bias: bearish.
---
Key Observations:
- Bearish RSI divergence – lower momentum despite higher highs.
- EMA9 / EMA21 support still holding, but momentum is fading.
- Coinbase Premium at -25 – signals institutional sell pressure.
- Volume declining on green candles — weak confirmation.
---
Support Levels:
- 0.5250 – EMA21 zone
- 0.5145 – Bollinger mid-band / previous base
- 0.5000 – psychological round level + volume shelf
Break below 0.5145 unlocks downside space toward 0.5000.
Expecting short-term correction before potential reload.
---
No emotional trades — just levels, structure, and execution.
#SPXUSDT #crypto #technicalanalysis #priceaction #RSI #EMA #BollingerBands #supportresistance #psychology #tradingview
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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.