SXT Today's Market Signals
Just finished analyzing the 5-minute candlestick chart for SXT, and there are three key points hidden in the market. Let's first state the core conclusion: this position is either a significant bottom or a significant top; the manipulation by the market maker is becoming harder to hide!
The bullish candlestick that pierced through the middle Bollinger Band at 0.13080 during the morning session was clearly a test action. The main force deliberately created a false breakout with a volume of 60 million, but then turned around and smashed through all moving averages. This tactic of 'false breakout, real selling' was played quite ruthlessly. Now the daily line has formed a long upper shadow with volume, the MACD has a dead cross opening below the zero line, and the green momentum bars are still expanding, indicating that the bears are not giving up yet. However, the 0.12000 level has been tested three times without breaking, and it closed at 0.12009, showing heavy traces of market maker control — they are using the 'break bottom and reverse' tactic to force retail investors to cut losses.
1. Three Strange Technical Phenomena:
The three tracks of the Bollinger Bands have suddenly narrowed to the historically tightest range, and this 'calm before the storm' is often accompanied by over 20% volatility.
The trading volume at the 5-minute level surged to 60 million, three times the 5-day average volume line, indicating that large funds are engaging in matched trading at the bottom.
At the 0.12000 level, there have been three 'lower shadow line supports', but each rebound has been precisely suppressed by the middle track at 0.13080, forming a standard downward channel.
2. News Aspect
Early this morning, it was revealed that the SXT ecological wallet added 32,000 holding addresses, and on-chain data shows institutional wallets are continuously accumulating in the range of 0.12000-0.12209. Combined with the main force's 'rapid decline and slow rise' market language, I judge that this is the market maker collecting chips in the bottom area, and after retail investors hand over their 'bloody chips', there is a high possibility of a violent rally to test the resistance level at 0.13673.
3. Key Points to Watch Tomorrow:
Defend the iron bottom at 0.12000; if it breaks, directly look at the previous low of 0.11678.
A volume breakout above the middle track at 0.13080 can confirm a reversal, with the first target at 0.13673.
Be cautious of sudden spikes between 2-4 AM; the market maker loves to launch sneak attacks during this timeframe.
Right now, this market is like walking a tightrope high above, but remember: a volume-laden lower shadow line is either a trap or a pie! The more the market maker grinds the bottom, the greater their ambition for the future market.
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