$SXT BREAKDOWN OR RELIEF BOUNCE? SELLERS IN CONTROL
$SXT/USDT is currently trading at $0.1299, down sharply with a -15.76% daily decline. The price has broken multiple support levels, forming a strong downtrend. Now it’s hovering just above the recent low, raising the question: will sellers push further, or is a relief bounce coming?
Key Levels to Watch
• Resistance Zones:
• $0.1330 – First test of strength if bounce begins.
• $0.1365 – Key short-term resistance to reclaim bullish footing.
• $0.1400 – Heavy resistance and trend reversal confirmation.
• Support Zone:
• $0.1280 – Critical level. A clean break below this could intensify the sell-off toward lower zones.
Trade Setup – Prepare for Both Sides
Bearish Scenario (Breakdown Continuation):
• Entry: Below $0.1280
• TP1: $0.1245
• TP2: $0.1180
• Stop-Loss: Above $0.1330
Bullish Scenario (Relief Rally Attempt):
• Entry: Above $0.1330
• TP1: $0.1365
• TP2: $0.1400
• Stop-Loss: Below $0.1280
$SXT is in a critical zone—watch for a confirmed breakdown below support or a recovery bounce off this level. Trade with caution as volatility may spike.