$SXT

USDT BEARISH PRESSURE BUILDING – CAN IT HOLD ABOVE KEY SUPPORT?

The recent $SXTUSDT price action shows a sharp rejection from the 0.0790 high, leading to a steep drop towards its current level at 0.0679 (-11.70%). Price is consolidating near local support, but sellers remain dominant.

🔑 Key Levels:

Resistance: 0.0720 – 0.0760

Support: 0.0670 (immediate), 0.0640 (major support below)

💡 Trade Setup (Short Bias):

Entry: 0.0685 – 0.0700 (on slight retracement)

Take Profits: TP1 – 0.0660, TP2 – 0.0640

Stop Loss: 0.0725 (above recent lower high rejection)

📊 Market Outlook: Momentum remains bearish after strong selling from recent highs. If the 0.0670 support breaks decisively, further downside to 0.0640 is likely. Bulls need a reclaim above 0.0720 for trend reversal.

⚠️ Risk Management: Only risk 1-2% of your capital per trade. Wait for confirmation candles near resistance before entering shorts to avoid false breakouts.

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