$SXT Signal: Long squeeze is starting; 1H breakout confirmed

$SXT On the 1H timeframe, increased volume and a close above 0.0095. Buyers actively push the price higher. On the 4H Bollinger upper band at 0.0099 forms short-term resistance, but the funding rate is deeply negative at -0.5303%, meaning the short positions have extremely high carry costs. Open interest (OI) stays stable; shorts have not exited, and squeeze conditions are gradually becoming mature.
🎯Direction: Go long
⚡Entry / Orders: 0.00949443 - 0.00952300
🛑Stop loss: 0.00942777
🚀Target 1: 0.00966584
🚀Target 2: 0.00973727
🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position size by 50% and move the stop loss up to breakeven. If price falls back to the entry level, exit automatically to protect principal.
Deeper logic: The 1H MACD histogram turns negative, but the signal line is smooth, indicating downside momentum is fading. The order book buy/sell depth ratio is 0.70, with clear support below; short-covering is likely to accelerate the move. In this negative-fee-rate environment, as long as price holds above 0.00945, the market remains in the longs’ advantage zone.
Check real-time market data 👇 $SXT
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