🔻 $SXT — Vertical Extension Into Supply | Rejection Setup
$SXT just delivered a sharp vertical pop straight into overhead resistance — and now it’s stalling right at the edge.
The move up was aggressive, but follow-through faded quickly.
We’ve got a tall wick, tight close, and thinning extension. Volume expanded on the push, but it’s quieting as price hovers — suggesting buyers may be getting absorbed rather than supported.
This looks less like healthy continuation… and more like exhaustion into supply.
📉 Trading Plan: Short $SXT
Entry: 0.0240 – 0.0256
Stop Loss: 0.0265
🎯 Targets
• 0.0226
• 0.0218
I’m positioned with controlled risk — no chasing.
If price accepts cleanly above resistance and starts holding instead of snapping back, the thesis is invalid and I’m out immediately.
Defined risk. Clear invalidation. Reaction-based trade.
Short $SXT
