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🔥 $SXT Meme coin warning! Is it “airdrop refueling” or “big players distributing”?
Yu reminds everyone ⚠️#SXT
For these meme coins that have already surged a lot, never chase the price up. The current approach is mainly a defensive short, with an oversold bounce as a secondary plan.
Strategy 1️⃣: short on rallies 📉
● Logic: Since the 1-hour MACD has formed a bearish crossover, and the overhead 0.01100 resistance is huge, it most likely can’t break the prior high and will keep pulling back.
● Entry levels: 0.00980 - 0.01020 resistance area
● Stop-loss: 0.01060
● First target: 0.00880
● Second target: 0.00820 🎯
Strategy 2️⃣: go long at key levels 📈
● Logic: These meme coins usually don’t just crash straight down; instead, they will spend a long time consolidating sideways around a certain support level.
● Entry levels: 0.00780 - 0.00800
● Stop-loss: 0.00740
● Take-profit target: 0.00900 🎯