SXT Today's Surreal Experience: The Truth Behind the Roller Coaster Market
The messed-up opening, the desperate waterfall, the final struggle
Damn it! Today's SXT opened at 0.131 and immediately shot up to 0.15179. How many brothers thought it was going to take off, only to be played by the main force! The 5-minute K-line shows that the price plummeted from the high of 0.15179 to 0.12715, a 16% drop that left those who chased the high questioning their life! The trading volume exploded, MA7 crossed below MA30, MACD expanded underwater, and RSI crashed to 28; this technical situation is so bad that even the retail investors can't stand it!
How ruthless is the main force in washing the plates? The data speaks
After enticing buying at the opening and pulling it to 0.15179, the waterfall started in less than three minutes, how many buyers got trapped at the low of 0.12715? The orders on the order book were all dominated by the bears, with over a hundred thousand orders stacked at the 0.13 level to smash the price. This isn't washing plates; it's clearly a meat grinder! What's even more disgusting is that after rebounding to 0.134, it was knocked back to reality, and now it's stuck in the 0.132-0.135 range pretending to be dead, with volume shrinking by 30%, indicating that retail investors have been mostly slaughtered.
Can sudden good news save the situation? Don't celebrate too early
The team just announced a partnership with Chainlink to launch oracle nodes, and Binance's perpetual contracts have also been listed, with the mainnet upgrade set for September 15. Normally, this should signal a price increase, but today, there was a net outflow of $23 million, and OKX's positions plummeted by 18%. This data simply can't support the good news! The dealer is expertly using the good news to offload, and the 0.135 resistance level has now become a solid ceiling; without a significant volume breakthrough, it's all just playing tricks!
Operation Advice: Stay in Cash and Wait for Opportunities
For those looking to bottom-fish in the short term, don't rush. The current support at 0.132 is as fragile as paper; wait for a break below 0.13 and then look down to 0.125! If it rebounds to around 0.135, don't hesitate to short, with a stop loss at 0.138 and a target of at least 0.128! For those heavily trapped, when it rebounds to 0.135, you must reduce your position; keep your options open for a counterattack!
Summary: This round of harvesting is too dirty
The main force has played the good news game brilliantly, the technical situation has completely broken down, and the volume can't keep up; the probability of continued decline in the short term is 90%! Wait until around 0.125 to act; going in now is purely giving money to the dealer!
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