#SXT Market Analysis and Investment Advice
Recently, some fans have inquired about Haitang's opinion on $SXT, expressing a strong interest in holding physical goods. Is this feasible? Here is a comprehensive analysis:
Market Performance
- Price Trend: Recently fluctuated in the range of 0.1309 - 0.1445 USDT, showing a downward trend.
- Key Signals: A long upper shadow appeared on May 20, indicating strong selling pressure above; on May 21, trading volume significantly shrank, reducing market activity.
Project Development
- Technical Advantages: Based on decentralized databases and zero-knowledge proof technology, it has received investments from institutions like Microsoft's M12 and has been listed on major exchanges like Binance.
- Ecosystem Cooperation: Collaborated with Sui public chain, Chainlink, etc., continuously expanding application scenarios.
- Industry Prospects: The blockchain data service sector has great potential, but competition is fierce, and continuous innovation is needed to maintain a leading position.
Operational Strategy
Buy Points:
- 0.125 USDT (previous low support level)
- 0.120 USDT (round number + EMA7 support)
Stop-Loss Point: 0.115 USDT (if it falls below the previous low, further declines should be guarded against)
Sell Points:
- 0.145 USDT (previous wave high point, selling pressure exists)
- 0.150 USDT (recent resistance level, difficult to break through)
Risk Warning
The market is highly volatile, with short-term increases driven by Microsoft's collaboration and listings on exchanges, but uncertainty remains. It is advisable to control positions and set strict stop-losses.
Haitang reminds: Market opportunities are often present; the key is how to seize them. Following the right people and using the right strategies can lead to stable profits! Continuously monitor the trends of $BTC, $BNB, $ETH, etc., to assist in judging market trends.