SPXUSDT is testing a demand zone built from the H1 order block + H4 swing failure pattern (SFP). While the structure remains weak, the current zone offers bounce potential — but conviction is low.Setup:
🟩 Demand Zone: $0.90–$0.93
• Area of previous demand, also aligned with SFP
• Bounce possible, but high risk of fading without strength
🎯 First Target: $1.11 (Daily S/R)
🟥 Major Resistance: $1.20 — monthly level, likely hard cap
🚫 Invalidation:
• Clean break below $0.90 opens door to deeper drop
• No setup continuation if zone fails to hold
Plan:
• Short-term bounce trade only
• Not a high conviction long — manage risk closely
• Reassess if reclaim and structure form above $1.00+
📌 Dead cat bounce potential — keep stops tight and expectations measured.
Trade closed: target reached
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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.