$SXT /USDT 4H Trade Setup
Market Insight:
$SXT has gained +6.64% in the last 24h, currently trading around $0.0896 with a 24h high of $0.09419. The 24h volume is strong at 169.40M SXT, showing good market interest. However, current volume (4.3M) is significantly below the short-term MAs (MA(5): 15.28M, MA(10): 9.25M), suggesting recent momentum is slowing or consolidating.
Entry Zone:
Consider entering around $0.087 – $0.090, ideally on a slight pullback or consolidation.
Targets:
$0.0942 – Recent 24h high resistance.
$0.0980 – Next resistance level and psychological zone.
$0.1050 – Extended bullish target if momentum returns.
Stop Loss:
Set stop loss below recent support near $0.0835 to control risk.
Key Levels:
Support: 0.0835, 0.0828
Resistance: 0.0942, 0.0980
Pivot: ~0.0896 (current price)
Volume & Moving Averages:
Current volume below MA(5) and MA(10) advises caution; better to wait for volume to increase on up moves.
Pro Tip:
Wait for a confirmed 4H candle close above $0.090 with volume support before entering. Watch for any breakout attempts above $0.0942 with solid volume.
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