BOOM! Short Squeeze Alert!
$SXT /USDT just liquidated $4,137.9 worth of shorts at $0.1555 — and this might just be the beginning of an explosive breakout!
Technical Analysis – What’s Cooking?
Chart Structure:
$SXT broke a micro downtrend and triggered a short squeeze — a sign that bears are trapped and bulls might take charge!
Buy Zone:
$0.1490 – $0.1555
(Dips into this range are golden entries after the squeeze)
Targets:
Target 1: $0.1650
Target 2: $0.1790
Target 3 (Moonshot): $0.1980
Stop-Loss:
$0.1435
(Below key support and invalidation of bullish squeeze momentum)
Why This Setup Rocks:
Short liquidations = trapped bears = potential bull rally
Volume surge at $0.1555 confirms breakout intention
RSI rebounding from oversold levels
Breakout pattern forming a rounded base on 4H chart
Possible Scenario:
If bulls defend $0.1490–$0.1555 zone, we could see a powerful momentum wave, especially if Bitcoin stays stable or bullish.