$SXT : Breakout or Retracement?
The SXT/USDT pair is currently trading at $0.0988, sharply bouncing back after dipping near its low at $0.0905. The price is approaching a previous resistance area, and the next move will confirm whether this is a temporary rise or the beginning of a new upward wave.
Key Levels to Watch
• Resistance: $0.1005 - If the price breaks this area, an uptrend is likely to continue.
• Support: $0.0945 - A rejection from the current levels and a drop below this support may lead to renewed selling.
Trading Setup - Watch for the reaction!
Bullish Entry Point: A breakout above the $0.1005 level with strong trading volume may target:
• First Profit Target: $0.1040
• Second Profit Target: $0.1075
Bearish Entry Point: A breakout below the $0.0945 level may lead to a price drop towards:
• First Profit Target: $0.0920
• Second Profit Target: $0.0905
Stop Loss: Use a stop-loss order below $0.0960 (for long trades) or above $0.1010 (for short trades) to manage risk safely.
