SXT | Long | Reclaiming VWAP & Eyeing Resistance Zone | (May 22, 2025)
1️⃣ Quick Take: SXT is showing strength, climbing toward a key resistance area while holding bullish structure on higher timeframes. Liquidity remains on the bulls' side despite a brief corrective signal on the 30-min chart.
2️⃣ Trade Parameters:
Bias: Long
Entry Zone:
✅ Early Entry: Around $0.84
✅ Main Entry: $0.74
Stop Loss: Below VWAP and recent low – structure-based, ideally near $0.70 zone
TP1: $1.00 (Partial Exit)
TP2: $1.37
TP3: $1.47
🪙 Holding 5% of position for extended move potential
3️⃣ Key Notes:
SXT bounced from VWAP, showing continuation toward the Value Area Low, POC, and higher resistance levels.
Inverse head & shoulders pattern forming – would prefer a dip below VWAP for re-entry confirmation.
Order flow shows aggressive spot selling, possibly by a single player. Liquidations noted, but broader sentiment remains long-biased.
On higher timeframes, liquidity still supports bullish continuation.
Watch overall market mood and correlation with BTC/NQ/SPX for additional confidence.
4️⃣ Follow-up: I’ll be monitoring for that re-entry opportunity near VWAP and updating the setup if structure shifts.
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Disclaimer: This is not a financial advise. Always conduct your own research.
