$SXT UNDER PRESSURE – Breakdown Looming or Relief Bounce?
$SXT is currently trading at $0.1183, slipping -1.99% on the day. After failing to reclaim the $0.1200 mark, price is now hovering just above a crucial support zone. Bearish pressure is mounting, and the next move could be decisive.
Key Technical Levels
• Immediate Resistance: $0.1195 – $0.1205 — Multiple rejections here mark it as the breakout trigger zone.
• Critical Support: $0.1180 — A breakdown here could accelerate the downside.
Trade Setup – Watch for Confirmation Signals
Bullish Scenario:
If $SXT reclaims $0.1195 on increasing volume:
• TP1: $0.1210
• TP2: $0.1235
Bearish Scenario:
If price breaks below $0.1180 with a confirmed candle close:
• TP1: $0.1155 (24h low)
• TP2: $0.1130
Stop-Loss Strategy:
• Longs: SL below $0.1175
• Shorts: SL above $0.1200
This range is tightening—stay alert for a decisive move in either direction soon.