$SXT Breaks Out After Consolidation — Bulls Eye $0.0110 Next 🚀
$SXT/USDT: LONG SETUP — Bullish Breakout Continuation Favored
Bias: BULLISH · Buyers are attempting to take control after a strong breakout move.
The trading plan is conditional:
LONG on a confirmed 4H close above $0.01095 → targets $0.01130 / $0.01180 / $0.01230, stop $0.00990.
Entry: $0.01095–$0.01105
Stop Loss: $0.00990
TP1: $0.01130
TP2: $0.01180
TP3: $0.01230
Below $0.01095: Wait for confirmation. Avoid chasing the breakout.
Technical read: BULLISH. The 4H chart shows a strong recovery from $0.008387, with $SXT gaining 11.32% over the last 24 hours. Price has broken above the previous consolidation zone and is testing the $0.01095 resistance area.
For the bulls:
* Strong recovery from the $0.008387 swing low.
* Price has reclaimed the $0.009388 and $0.009952 resistance levels.
* Large bullish candle shows aggressive buying pressure.
* Higher lows are forming after the consolidation phase.
* A confirmed breakout above $0.01095 could trigger continuation toward $0.01180 and $0.01230.
For the bears:
* Price is facing immediate resistance at the $0.01095 high.
* The long upper wick shows some rejection near resistance.
* After an 11% move, short-term profit-taking is possible.
* Losing $0.00990 could weaken the breakout structure.
Why I’m bullish:
$SXT is showing a bullish shift in market structure after a prolonged consolidation period.
The strong impulse candle above the $0.00995 zone suggests buyers are stepping in with momentum. However, price is now approaching a key resistance level at $0.01095, making confirmation important.
A confirmed 4H close above $0.01095 would strengthen the bullish continuation scenario, potentially opening the path toward $0.01130, $0.01180, and $0.01230.
A move below $0.00990 would invalidate this setup.
Can SXT break $0.01095 and continue toward $0.01230, or will sellers defend this resistance?
Full setup on the chart below. Dyor always.
$SXT/USDT: LONG SETUP — Bullish Breakout Continuation Favored
Bias: BULLISH · Buyers are attempting to take control after a strong breakout move.
The trading plan is conditional:
LONG on a confirmed 4H close above $0.01095 → targets $0.01130 / $0.01180 / $0.01230, stop $0.00990.
Entry: $0.01095–$0.01105
Stop Loss: $0.00990
TP1: $0.01130
TP2: $0.01180
TP3: $0.01230
Below $0.01095: Wait for confirmation. Avoid chasing the breakout.
Technical read: BULLISH. The 4H chart shows a strong recovery from $0.008387, with $SXT gaining 11.32% over the last 24 hours. Price has broken above the previous consolidation zone and is testing the $0.01095 resistance area.
For the bulls:
* Strong recovery from the $0.008387 swing low.
* Price has reclaimed the $0.009388 and $0.009952 resistance levels.
* Large bullish candle shows aggressive buying pressure.
* Higher lows are forming after the consolidation phase.
* A confirmed breakout above $0.01095 could trigger continuation toward $0.01180 and $0.01230.
For the bears:
* Price is facing immediate resistance at the $0.01095 high.
* The long upper wick shows some rejection near resistance.
* After an 11% move, short-term profit-taking is possible.
* Losing $0.00990 could weaken the breakout structure.
Why I’m bullish:
$SXT is showing a bullish shift in market structure after a prolonged consolidation period.
The strong impulse candle above the $0.00995 zone suggests buyers are stepping in with momentum. However, price is now approaching a key resistance level at $0.01095, making confirmation important.
A confirmed 4H close above $0.01095 would strengthen the bullish continuation scenario, potentially opening the path toward $0.01130, $0.01180, and $0.01230.
A move below $0.00990 would invalidate this setup.
Can SXT break $0.01095 and continue toward $0.01230, or will sellers defend this resistance?
Full setup on the chart below. Dyor always.