SPXUSDT 4H Rising Channel Breakdown Setup!SPX / TetherUS PERPETUAL CONTRACTBINANCE:SPXUSDT.PHexaTradesSPXUSDT continues to respect a well-defined ascending channel on the 4H timeframe. Price recently tapped the upper resistance trendline for the fifth time and faced a strong rejection, forming a local top around the 0.49 zone. The chart shows: - Multiple clean reactions from both channel support and resistance - Repeated bearish rejections at the upper boundary (red circles) - Strong bullish defenses near trendline support (green circles) - Price currently losing momentum below key moving averages After rejecting from channel resistance, price dropped sharply and is now retesting the mid-range area near previous support/resistance. If bulls fail to reclaim momentum, this could trigger a deeper correction toward the lower channel support. Key Levels Resistance: 0.43 – 0.46 Current Price Area: ~0.41 Major Support: 0.35, 0.30 , 0.26 Cheers Hexa