#TrumpTariffs SXT/USDT
For you guys hereโs a technical analysis summary along with potential trading signals, stop-loss (SL), and take-profit (TP) suggestions
๐ Technical Analysis Summary
๐น Current Price:
$0.1418 (+0.14%)
๐น 24h Range:
High: $0.1642
Low: $0.1397
๐น Volume:
Volume Spike: Recent large green volume bar suggests a buying interest or accumulation.
24h Volume: ~326.80M SXT and 48.90M USDT
๐น Moving Averages:
MA60: $0.1417 (price is currently just above this)
MA5: 254,984.2
MA10: 236,760.5
Price crossing above MA60 can suggest bullish short-term movement if sustained.
๐ Trade Signal
โ Buy Signal (Short-Term Scalping / Swing Trade)
Why:
Price just bounced above the MA60, showing short-term strength.
Large green volume bar suggests bullish momentum.
Price recovered from the recent dip ($0.1397 low).
๐ฏ TP (Take-Profit) Zones
Set based on previous resistances and average price movements.
TP1: $0.1450 (previous local resistance)
TP2: $0.1500 (psychological round level)
TP3: $0.1580 โ $0.1600 (close to 24h high area)
๐ SL (Stop-Loss) Suggestions
Set below support and recent low to protect from sharp downturn.
Conservative SL: $0.1390 (just below 24h low)
Aggressive SL: $0.1405 (below short-term support level)
โ ๏ธ Risk Management Tip
Use 2:1 or 3:1 risk-to-reward ratio. For example: #BinanceAlphaAlert
Entry: $0.1418
SL: $0.1405 (Loss = $0.0013)
TP1: $0.1450 (Profit = $0.0032)
Risk-to-reward = 1:2.46 (good trade setup)
๐ Quick Summary
ActionPriceReasonBuy Entry$0.1418Price breakout above MA60SL$0.1405Below short-term supportTP1$0.1450First resistanceTP2$0.1500Round number / mid-term levelTP3$0.1580+Closer to 24h high area #TradeWarEases $SXT