$SXT Shocking Momentum Alert: SXT Ready to Breakout๐ค๐๐
Current Price: $0.1238
Timeframe: Multi-frame Analysis (5m | 30m | 2h)
Trade Type: Intraday Bullish Setup๐ฅ
Technical Breakdown:๐
$SXT has shown a strong bullish structure forming higher lows with good volume buildup.
Price has broken above key EMAs (green, yellow, and blue lines), showing growing momentum.
RSI is currently around 77, signaling strong bullish strength but approaching overbought zone.
Strong support zone near $0.1223 โ $0.1230 is being respected repeatedly.
Current resistance around $0.1251 โ $0.1293 is the next short-term target zone.
Trade Plan:๐งโ๐ซ
Entry Zone: $0.1220 โ $0.1225 (During Retest )โ
Target 1: $0.1255๐ฏ
Target 2: $0.1290๐ฏ
Stop Loss: $0.1200 (below EMA cluster)โฃ๏ธ
Trade Duration: Short-Term (2h to 1 Day)โ
Why Bullish?๐ค๐ฅ
Price is reclaiming higher EMA zones.
Strong RSI bounce with CHoCH (Change of Character) on lower timeframes.
Multiple timeframes show trend reversal from bearish to bullish.
Pro Tip:๐จโ๐ซ
Wait for a candle close above $0.1244 for better confirmation before entering. Avoid chasing entries in overbought conditionsโlook for healthy pullbacks.
Disclaimer: โ ๏ธ
This analysis is for educational purposes only and not financial advice. Always DYOR (Do Your Own Research) before investing. Trade responsibly.