$SXT / USDT FROM BREAKOUT TEASE TO BEARISH SNEAK!
$SXT looked ready to rip after teasing a push past $0.1077, but the breakout turned out to be short-lived. The 4H candle shows strong rejection just below resistance, followed by a sharp retrace to $0.1028 indicating a possible bull trap. This pattern signals a shift in momentum, with bears lurking just beneath the surface.
$SXT Price action is now compressing between a local resistance at $0.1040 and support near $0.0965. A break below support could accelerate a drop to previous lows.
Trade Setup (Bearish Bias)
• Entry (Short): $0.1035 – $0.1045
• TP1: $0.0990
• TP2: $0.0950
• SL: $0.1060
Support: ~$0.0965
Resistance: ~$0.1040
Momentum favors the downside watch for volume spikes near the support zone to confirm breakdown strength.
