I'm entering a position on SPX.
The $0.40 zone has proven to be a "strong support" — even when major tokens were dropping, SPX consistently got bought up at this level.
Now we’re testing it again — and the market is showing signs of exhaustion on the sell side.
📌 Look at the chart:
• Coinbase Premium is heavily negative — but price is holding
• RSI is near oversold — with a chance of reversal
• $0.40 is acting like a psychological and technical wall
This is where "strong hands" tend to step in.
Don’t ignore the tape — someone is defending this zone.
🚀 If you believe in this analysis, hit "Boost" so others don’t miss the opportunity.
— Alex
The $0.40 zone has proven to be a "strong support" — even when major tokens were dropping, SPX consistently got bought up at this level.
Now we’re testing it again — and the market is showing signs of exhaustion on the sell side.
📌 Look at the chart:
• Coinbase Premium is heavily negative — but price is holding
• RSI is near oversold — with a chance of reversal
• $0.40 is acting like a psychological and technical wall
This is where "strong hands" tend to step in.
Don’t ignore the tape — someone is defending this zone.
🚀 If you believe in this analysis, hit "Boost" so others don’t miss the opportunity.
— Alex
Trade active
Well, here is the beginning of the long-awaited growth.
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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.