$SXT Sharp rise accompanied by a large volume spike at the beginning of June 24
After touching a peak of $0.07660, a correction and consolidation candle is now visible$SXT
Currently forming a small lower high pattern, be cautious if it breaks down minor support at $0.07200ā$0.07150
ā ļø Important Area
Local resistance: $0.07380 ā $0.07660 (needs new volume to break through)
Minor support: $0.07150
Strong support: $0.06880 (ideal pullback zone MA25)
š Entry Strategy
ā” Breakout Buy (aggressive):
Entry: $0.07390 (if the candle breaks above MA7 and closes above)
TP: $0.07580 ā $0.07800
SL: $0.07140
š”ļø Pullback Buy (conservative):
Entry: $0.06880ā$0.06950 (MA25 area)
TP: $0.07250 ā $0.07400
SL: $0.06600
š§ Volume & Market Pressure
Volume was very high at the beginning of the rise, but has now decreased sharply
If volume does not rise again, the potential for a false breakout increases
Ideally, wait for a confirmation candle with a large body and increased volume
ā Conclusion
SXT/USDT is in a light retracement phase after a strong rally
Currently, the price is still within a bullish structure, but signals are starting to mix
Recommendation: avoid entry at this time ā wait for confirmation of a new breakout or a deeper retracement