#BTCBackto100K Comfort Analysis for the SXT Coin
There is no such thing as "comfort analysis" in the markets, but thanks to God, I have invented this type of analysis to distinguish the opportunities that allow the trader to sleep with peace of mind.
The coin was first launched on the MEXC platform at a price of $0.45
then it sharply dropped by -200% until it reached 0.165$ and then it was listed on the Binance platform, and this is where the turning point begins.
My personal analysis says:
It is almost impossible for a platform as large as Binance to launch a fraudulent coin from the very first day of the coin... , and within the list of official coins, and this in itself is a very strong comfort element.
My technical expectation:
The maximum expected drop for the coin on Binance is $0.11
From this point, most of the long positions will be liquidated and then the short positions will be liquidated.
After that, the closest scenario is the entry of institutional support (whales + major platforms like MEXC) to protect their reputation and raise the price again.
The expected target after the correction: is to achieve all the recommendation goals that I published a few hours ago on my page here.
The result:
The losing party in all this scenario is the MEXC platform, which we always see lagging a step behind Binance.
Who cares about their audience as much as I do?
I made an analysis that no one has done, I called it "comfort analysis". Why? Because everyone talks in numbers, but no one conveys the feeling that you are safe!