【$SPX Signal】Long | Healthy Consolidation After Breakout with Volume

After a volume breakout on the 4H timeframe, the price has entered a tight consolidation above the previous high. This is a typical healthy reset after a breakout, not a top. Buying pressure continues to absorb selling in the 0.295-0.300 region, and the funding rate remains negative, indicating that the bears have not fully surrendered, providing fuel for the subsequent rally.

🎯 Direction: Long

🎯 Entry: 0.3000 - 0.3040

🛑 Stop Loss: 0.2870 $SPX Rigid stop loss, below the low of the breakout candle (

🚀 Target 1: 0.3400

🚀 Target 2: 0.3800

Hardcore logic: Three consecutive volume-increasing bullish candles on the 4H chart establish the main force's entry, with open interest (OI) rising sharply in tandem, confirming genuine buying pressure. Currently, the price is consolidating above the breakout level (~0.288), and the order book shows a weak sell wall at 0.307, so a slight buy can push through easily. The negative funding rate indicates market sentiment remains cautious, favoring a favorable risk-reward ratio for bulls. Price action (PA) shows small-bodied candles during pullbacks with no signs of increasing selling pressure, maintaining a bullish structure.

Trade here 👇 )
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‍$SPX
#Is the current market bottoming or just watching?