$SXT /USDT BEARISH REVERSAL AFTER LOWER HIGH – DOWNSIDE PRESSURE BUILDS!
$SXT is currently trading at $0.1021 after failing to sustain its recent pump near the $0.1059 level. The 15-minute chart shows a steep decline from the top, forming a clean lower high and confirming the shift in momentum. Recent candles suggest minor bounce attempts, but sellers remain in control below $0.1040.
Trade Setup (SHORT):
Entry: $0.1025 – $0.1040
Target 1: $0.1000
Target 2: $0.0985
Stop Loss: $0.1055
Why Short?
Price surged to local highs but quickly gave up gains, forming a lower high and dropping below mid-support zones. The breakdown pattern reflects profit-taking and weakening demand. A failure to reclaim $0.1040 would strengthen the short setup.
Risk Management Tip:
If price breaks above $0.1055 with volume, exit the trade. Always trail SL once TP1 is near to lock in gains and minimize downside.
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