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【$SXT Signal】Long | Healthy Reset After Explosive Breakout
$SXT After a single-day surge of 47%, it is now consolidating and cooling at high levels. The price is moving sideways above the massive bullish candle, which is a typical healthy reset after major players enter, rather than a top distribution.
🎯 Direction: Long
🎯 Entry: 0.0375 - 0.0385
🛑 Stop Loss: 0.0350 ( Rigid stop loss, below the bottom of the massive K-line )
🚀 Target 1: 0.0450
🚀 Target 2: 0.0520
The chart shows that after the breakout, $SXT formed a tight flag pattern at high levels, with volume contracting but the price refusing to deepen the correction, indicating that selling pressure has been fully absorbed. Open interest (OI) has increased significantly along with the price rise, confirming that the main force is building a long position, not a short squeeze. The current consolidation is a typical healthy cooldown after a breakout, preparing for the next upward surge. As long as the price stays within the massive K-line zone, the probability of an ongoing uptrend is very high.
Trade 👇 $SXT
here
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