BREAKING: $SXT Long Liquidation Spotted – Bulls Shaken at $0.1248!
A massive $2.19K worth of long positions just got wiped out at $0.1248 – the bulls are bleeding, and the market just gave us a golden clue!
Is this the calm before the reversal or are we heading into deeper waters?
Let’s break it down:
Technical Analysis:
Buy Zone: $0.1170 – $0.1245
(Key support range where previous buyers held strong. Watch for bullish divergence on lower timeframes.)
Target 1: $0.1360
Target 2: $0.1450
Target 3: $0.1590 (Full reversal possible if volume spikes)
Stop Loss: $0.1140
(Break below this = trend invalidation. Cut fast, cut clean.)
Why It Matters:
This liquidation flush could signal a bottoming zone, where smart money starts loading before the next move up. Volume spikes and price absorption are confirming buyer interest near this zone.
Watch Closely!
If $SXT reclaims $0.1300 with strength, it could ignite a short squeeze rally – this is not the time to blink.