🚨 $SXT
SHORT 🚨
🎯 Targets:
TP1: $0.0218 (4H Bollinger MB)
TP2: $0.0213 (4H Bollinger DN)
TP3: $0.0212 (24h Low)
📉 Why Short:
• Price at upper Bollinger Band across multiple timeframes (4H, 1H, 15m) – strong resistance
• RSI(6) on 1H/15m at 76.9 (overbought), RSI(14) at 65.8 (approaching overbought)
• Volume declining on 4H chart (MA5 < MA10) – momentum fading on higher timeframe
• 7D performance -2.62%, 30D -20.92% – longer-term downtrend intact
• Rejection wicks visible at $0.0224 resistance
🔑 Levels:
Resistance: $0.0224 (24h High) / $0.0225
Support: $0.0218 (4H MB) / $0.0213 (4H DN) / $0.0212
⚡ Entry: $0.0222 – $0.0224
🛑 SL: $0.0226 (1% risk from entry)
📈 R/R: 4:1 to TP3
⚠️ Risk: Short-term volume spike on 1H could push price slightly higher; missing order book data. Wait for confirmation below $0.0222.