$SXT IN DEEP RETRACEMENT – DEAD CAT BOUNCE OR REAL REVERSAL?
SXT is trading at $0.0982, sliding steadily with sellers dominating for hours. Price just bounced off the intraday low at $0.0978—but pressure remains high. Is this a setup for a short squeeze or another leg down?
Key Levels to Watch:
Resistance Zones:
$0.0995 – First hurdle from the latest down leg
$0.1010 – Mid-level where rejection started
$0.1028 – Breakdown zone before the crash
Support Zones:
$0.0978 – Local support, barely holding
$0.0960 – Potential liquidity zone
$0.0945 – Critical breakdown level if panic sets in
Trade Setup – Trend Exposed to Both Sides:
Bullish Scenario:
If SXT reclaims $0.0995 with momentum, recovery may begin.
Targets:
TP1: $0.1010
TP2: $0.1028
Bearish Scenario:
A breakdown below $0.0978 could accelerate losses further.
Targets:
TP1: $0.0960
TP2: $0.0945
Risk Management:
• Long SL: Below $0.0978
• Short SL: Above $0.0995