$SXT /USDT short tread signal 🚦 🛑
SHORT TRADE SIGNAL – WEAK BOUNCE FAILING NEAR RESISTANCE ZONE!
$SXT is struggling to sustain above $0.0980 after facing multiple rejections just below the $0.10 mark. Price action shows declining momentum with narrow candles and no strong volume support on the bounce. The lower highs on the 30m and 1H charts suggest a bearish setup building near short-term resistance.
Trade Setup (SHORT):
Entry Price: $0.0978 – $0.0995
Target 1: $0.0952
Target 2: $0.0920
Stop Loss: $0.1008
Why Short?
Price failed to reclaim the $0.10 psychological level and is trending below short-term resistance. The weak bounce and lack of bullish volume imply that buyers are exhausted. A breakdown below $0.0965 will confirm further downside. Look for rejection wicks and volume fade to confirm entry.
Risk Management Tip:
Protect your capital with a tight SL above $0.1008. Move SL to entry once TP1 is hit to ride the move risk-free.
Trade the rejection — $SXT looks ready to drop again!
Sell and Trade here on $SXT
buy and trade here on
