๐ฆ๐ซ๐ง ๐ง๐ฅ๐๐๐ฆ ๐ง๐ข ๐ฅ๐๐ฉ๐๐ฅ๐ฆ๐ โ ๐๐จ๐ง ๐๐ฆ ๐๐ง ๐ง๐ข๐ข ๐๐๐ฅ๐๐ฌ ๐ง๐ข ๐๐๐๐ ๐ ๐๐ข๐ง๐ง๐ข๐ ?
๐น Current Snapshot
Price: $0.0746
Trend: Still bearish, but early recovery signs visible
Structure: Slow grind upward after long downtrend
โ Support Zones (Where buyers may defend)
$0.0700 โ 7-day MA & recent breakout base
$0.0650 โ Local support from June lows
$0.0600 โ Psychological round number and last defense
โ Resistance Zones (Where price might face rejection)
$0.0762 โ 25-day MA, short-term resistance
$0.0850 โ Juneโs previous rejection zone
$0.1000+ โ Major psychological and technical barrier
๐ Whatโs Happening?
After weeks of downtrend, SXT is trying to stabilize and form a bottom. It has crossed above the 7-day moving average and is now testing the 25-day MA. This signals early bullish interest, but not enough confirmation yet.
To truly flip sentiment bullish, price needs to break and close above the $0.076โ$0.080 range with strong trading volume. Until that happens, this rebound might just be a relief rally inside a larger bearish setup.
๐ง Simple Breakdown for Beginners
SXT fell for weeks, now itโs trying to bounce
A small recovery has started, but itโs not strong enough to call a full trend reversal
Price needs to break above $0.080 for stronger confirmation
If it fails, price could fall back to $0.065 or lower
๐ฏ What Traders Should Watch
Bullish Signal: Breakout above $0.080 with increasing volume
Bearish Signal: Rejection near $0.0762 followed by a drop below $0.070
Safer Entry Zone: After breakout + retest of $0.080
Stop Loss Idea: Below $0.068 to manage risk