$SXT BREAKS SUPPORT – SHORT-TERM BEARISH TREND ACTIVE
$SXT/USDT is currently trading at $0.0998, after decisively breaking below key intraday support. Heavy red candles and rising sell volume suggest strong bearish pressure, with buyers struggling to reclaim momentum. This drop puts SXT at risk of deeper correction unless bulls stage a quick recovery.
Key Technical Levels:
• Immediate Resistance: $0.1005 – Needs to be reclaimed to shift momentum back to neutral.
• Breakdown Zone: $0.0995 – This key support has failed, flipping into short-term resistance.
• 24h Low: $0.0992
• Next Major Support: $0.0980 and $0.0960
Trade Setup – Downside Risk Building
Bullish Recovery Setup:
• Entry: Only on reclaim above $0.1005
• Targets:
TP1: $0.1020
TP2: $0.1035
• Stop-Loss: Below $0.0990
Bearish Continuation Setup:
• Entry: Current price zone or after retest of $0.1005 rejection
• Targets:
TP1: $0.0980
TP2: $0.0960
• Stop-Loss: Above $0.1006
With momentum tilted to the downside, $SXT could see further weakness unless a bounce quickly reclaims $0.1005. Proceed with caution.
