BOOM! Shorts Just Got Burned!
$SXT just liquidated $7,547.5 in shorts at $0.1344 – a massive sign of bullish pressure building up!
The bears tried to hold it down, but SXT broke through like a rocket through a paper wall. Here's the full breakdown:
Technical Analysis: $SXT is Heating Up!
Buy Zone:
$0.1280 – $0.1320
This is a strong demand zone. Buyers are stepping in aggressively after the short squeeze.
Entry Trigger:
Above $0.1345 with volume confirmation
Targets (Short-Term):
1. $0.1450 – First resistance
2. $0.1530 – Momentum target
3. $0.1620 – Psychological & fib-based resistance
(Aggressive bull target if volume sustains)
Stop-Loss:
$0.1255 (Below key support and invalidation zone)
What’s Happening?
Shorts are being wiped out – classic short squeeze
Volume is picking up
RSI heading toward breakout territory
Market sentiment is shifting bullish
Conclusion:
$SXT might just be getting started. Keep an eye on the volume and structure. This liquidation could be the ignition for the next big rally. Ride the trend — don’t fight it!