Short Target Idea for SPX/TetherUS Perpetual Contract

This analysis focuses on the SPX/TetherUS Perpetual Contract on Binance, identifying a potential short target based on current market trends. The chart indicates a bullish trend with a machine learning RSI suggesting a possible reversal point.

Description





Asset: SPX/TetherUS Perpetual Contract (1D, Binance)






Short Target: 3.2 USDT



Trend: Bullish (Detected by Trend Following Mode)



Machine Learning: Enabled (RSI Thresholds: 70/30)



Analysis: The chart shows a recent uptrend with the Machine Learning RSI peaking around 61.2102, indicating overbought conditions. A short target is set at 3.2 USDT, aligning with the support level observed in the recent price action. Consider monitoring for a reversal confirmation before entering a short position.



Created: Jul 27, 2025 18:14 UTC+5:30 by shyamshm7