$SXT BREAKOUT TEST UNDERWAY: CAN BULLS MAINTAIN CONTROL?
SXT is trading at $0.1061, down -10.16% in the last 24 hours. After rebounding off the 24h low of $0.1025, the price has pushed into a narrow consolidation just above short-term resistance. Momentum appears to be building, but confirmation is key before calling a breakout.
Key Levels to Watch:
• Immediate Resistance: $0.1065
– A sustained move above this could open room for further upside.
• Support Zone: $0.1050
– Losing this level would put buyers at risk of losing momentum.
Trade Setup – Awaiting Confirmation Candle
Bullish Scenario:
If SXT holds above $0.1065 and volume increases, upside targets include:
• TP1: $0.1075
• TP2: $0.1088
• TP3: $0.1110 (24h high re-test)
Bearish Scenario:
Failure to hold support at $0.1050 could lead to renewed selling:
• TP1: $0.1035
• TP2: $0.1025
Stop-Loss Strategy:
• Longs: Below $0.1050
• Shorts: Above $0.1065
SXT is trading at a breakout zone with buyers testing key resistance. Price action on the next 15m candle will likely decide short-term direction. Tight range—stay alert for a quick shift.
