SPXUSDT Approaching Breakout Zone – 20% Potential Move?

SPXUSDT is gearing up for a potential breakout after consolidating in an ascending triangle. Price is once again testing the key horizontal resistance at $1.38, which has held for several days.

Structure:
Ascending triangle on the 4H timeframe – typically bullish
Multiple rejections at the $1.38 level indicate a strong breakout if flipped
RSI is around 63, signaling growing momentum

Trade Setup (If Breakout Confirms):
Entry: Candle closes above $1.38 resistance
Stop Loss: Below $1.3422 support zone

Targets:
$1.4753
$1.5679
$1.7019

Potential upside of ~20% if momentum holds.

Support & Resistance:
Immediate Support: $1.3422 & $1.2962
Major Resistance: $1.38 → $1.4753 → $1.5679 → $1.7019

A breakout from this structure can trigger a strong bullish move. Watch for confirmation and volume.

DYOR. Not financial advice.