SPXUSDT – Short-Term Weakness Likely

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.

---

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