$SXT Signal - Long: Negative funding-rate squeeze + support at the lower Bollinger Band


$SXT 1H RSI 42.81. Price directly broke below the lower Bollinger Band at 0.0087; a dense trading zone at 0.00859-0.00864 showed sell walls/stacked bids providing support. On the 4H MACD histogram, the bars shrank to around the zero line. Bull momentum is weakening but not a dead cross. Funding rate has been continuously negative at -0.0382%. OI remains stable, while short positions’ cost basis is rising. On the order book, buy walls are propping up around 0.00859, with thicker limit orders there.

🎯Direction: long

⚡Entry/Orders: 0.0086141 - 0.0086400

🛑Stop loss: 0.0085536

🚀Target 1: 0.0087696

🚀Target 2: 0.0088344

🛡️Trade management:
- Execution strategy: After reaching target 1, reduce the position by 50%, and move the stop loss up to breakeven. If price drops back to the entry area, exit automatically to protect principal.

The risk-reward ratio here is acceptable. Negative funding-rate combined with the support level is a classic setup for short-term trading.

View live market 👇 $SXT
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