$SXT The Rejection Peak: When Momentum Fizzles....
After a sharp rally from $0.0586 to a high of $0.0786, $SXT has formed a textbook double-top rejection on the 4H timeframe. Bearish candles with increasing sell volume are now pushing price downward from resistance signaling a potential short opportunity as momentum fades.
🔻 Short Trade Setup:
• Entry Zone: $0.0725 – $0.0735
• TP1: $0.0680
• TP2: $0.0620
• Stop Loss: $0.0788 (above wick high)
Market Insight:
Despite a recent bounce, SXT failed to hold its highs. Weak bullish follow-through combined with a 37% drop over 30 days shows overall downward pressure. If buyers don’t step in soon, bears may reclaim full control. This is a clean short setup with defined risk and a favorable reward structure.