🤩 Long-buy 🟢 : Analysis of $SXT USDT on 1D Binance Futures: Descending Trendline Retest
Pair: #SXTUSDT .P
Interval: 1D
Date: 01/08/2025 17:40
Exchange: Binance
The stock SXT has retraced to the 50-day moving average daily support level, signaling potential for a mid-term rebound following the formation of two consecutive dragonfly doji #candlestick s.
🧠 Swing Reversal
🟡 Entry Price: $0.081
🔴 Stop Loss: $0.075
🟢 Take Profit: $0.095
💡 Price is showing strong support at the 50-day moving average with two consecutive dragonfly doji, indicating potential #bullish reversal. Risk/reward is favorable with stop loss below recent lows and take profit at the next resistance zone.
Buy and Trade $SXT here
