$SXT Consolidation at Resistance - Breakout or Pullback?
SXT is currently trading at $0.00769. The chart indicates that SXT has seen a recent upward move and is now consolidating around a key resistance level. Its immediate movement will determine if it can break out to higher prices or if it will experience a pullback.
Key Levels to Watch:
Resistance: $0.00770 (immediate resistance, just above current price), and $0.00780 (stronger resistance).
Support: $0.00769 (current price, immediate support), and $0.00760 (next support below).
Trade Setup - Anticipate a Directional Move!
Bullish Entry: A confirmed move and sustain above $0.00770 could target:
Target 1: $0.00775 (approx.)
Target 2: $0.00780
Bearish Entry: A break below $0.00769 could target:
Target 1: $0.00760 (approx.)
Target 2: $0.00750 (approx.)
SXT is consolidating at a key resistance. A clear break above $0.00770 could lead to further upside, while rejection might lead to a retest of support.
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{spot}(SXTUSDT)
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$BTC
Based on the 4-hour BTC/USDT chart from Binance you've shared, here's a quick technical overview for identifying support and resistance levels:
Resistance Levels:
1. 110,700 USDT – This is a recent peak, showing strong selling pressure at this level.
2. 110,350 USDT – The 24h high, also aligns with previous rejection, confirming short-term resistance.
Support Levels:
1. 106,646 USDT – The current horizontal price level being tested; it may act as temporary support.
2. 104,359 USDT – A previous local low and consolidation zone.
3. 100,305 USDT – A significant bounce point in the past, making it a major support level.
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