After a 47% surge in a single day with explosive volume, $SXT is currently consolidating and cooling down at high levels. The price is trading sideways above the massive bullish candlestick, a typical healthy reset after major players enter the market, 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 bullish candlestick)
🚀Target 1: 0.0450
🚀Target 2: 0.0520 The chart shows that $SXT formed a tight flag pattern at high levels after the breakout. While volume contracted, the price refused a deep pullback, indicating that selling pressure has been fully absorbed. The significant increase in open interest (OI) coupled with the price rise confirms that it was driven by major players accumulating long positions, rather than a sell-off. The current consolidation is a typical healthy cooling down after the breakout, building momentum for the next upward move. As long as the price holds above the massive bullish candlestick range, the probability of the upward trend continuing is extremely high.
Trade here 👇$SXT
{future}(SXTUSDT)
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