๐ป $SXT / USDT โ Bearish Reversal in Play!
Sharp Rejection Signals a Pullback Ahead๐๐
$SXT surged impressively, but it's now showing๐บ signs of exhaustion. The price faced a strong rejection near $0.0761, forming a potential bearish reversal. Selling pressure is rising, and buyers are losing grip โ a correction seems imminent.
๐ Key Levels:
Current Price: $0.0717
Immediate Resistance: $0.0760
Rejection Zone: $0.0740 โ $0.0760
Support Level: $0.0700
Strong Support Zone: $0.0670 โ $0.0680
๐ Trade Setup (Short):
Entry Zone: $0.0720 โ $0.0730
Take Profit: $0.0690 โ $0.0680
Stop Loss: $0.0745
๐ Market Outlook:
The current chart shows a top wick rejection candle and MACD weakening, indicating bearish momentum building. A break below $0.0700 could open the way for a deeper drop toward the lower support zone.
โ ๏ธ Risk Management:
Always protect your capital. Limit risk to 1โ2% per trade and use stop-loss orders to defend against volatility.
๐ฌ "Consistency in managing risk matters more than chasing tops and bottoms."
๐ Buy and trade $SXT directly on Binance now.
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