🔴$SXP
SXPUSDT
Perp
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BEARISH SETUP: DOWNSIDE PRESSURE IN PLAY
$SXP is showing early signs of a bearish reversal after failing to sustain above 0.0788 resistance. Price is testing key support levels, and a break below 0.0600 could accelerate the downward move.
Entry Zone: On confirmation below 0.0600 support
Target 1 (TP1): 0.0569
Target 2 (TP2): 0.0540
Target 3 (TP3): 0.0500
Stop Loss (SL): 0.0720
Risk Management: Limit risk to 2% per trade; trail stop loss to secure profits as price declines.