๐ SXT Breakout Loading โ Bullish Setup in Play! ๐*
The chart shows a *classic falling wedge breakout* followed by a *sideways accumulation phase*, which is now pushing toward a potential bullish rally. ๐ช
๐ *Pattern Breakdown:*
- ๐ป *Clearly DOWN* trend broke out around late June
- โก๏ธ Followed by *sideways consolidation* โ a sign of accumulation
- ๐ Currently attempting to break resistance near *0.088*
๐ *Next Move:*
- If it clears current resistance, targets to watch:
- *0.094* (0.786 Fib) โ
- *0.132* (1.618 Fib) ๐ฅ
- *0.177* (2.618 Fib) ๐
- *$0.22+* (Final 3.618 Fib) = *150% gain zone* ๐ฏ
๐ฎ *Prediction:*
Strong setup for a breakout rally as long as price holds above the *accumulation range*. Volume buildup supports momentum. ๐
๐ *Buy Zone:* Current region โ ideal on breakout confirmation
โ ๏ธ *Risk:* Watch for fakeouts if BTC pulls back. Keep stop loss below sideways zone for safety.