SXTUSDT 12H#SXT is moving inside a descending channel on the 12H timeframe.
In case of a breakout above the resistance zone (as shown on the chart), the following targets come into play:
๐ฏ $0.0933
๐ฏ $0.1031
๐ฏ $0.1129
๐ฏ $0.1268
โ ๏ธ Always use a tight stop-loss to manage risk and protect your capital.
SXTUSDT trade ideas
#SXT/USDT#SXT
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator, which supports the upward move by breaking it upward.
We have a support area at the lower limit of the channel at 0.0690, acting as strong support from which the price can rebound.
Entry price: 0.0717
First target: 0.0744
Second target: 0.0768
Third target: 0.0798
SXTUSDT Forming Falling WedgeSXTUSDT is currently forming a falling wedge pattern, a classic bullish reversal setup that often precedes significant upward price action. This formation indicates a tightening price range and declining volatility, typically signaling a breakout to the upside as selling pressure weakens. Technically, this setup becomes even more powerful when accompanied by increased volume near the breakout point โ which is now becoming evident on SXTUSDTโs chart.
The wedgeโs structure shows a series of lower highs and lower lows converging toward an apex. Once a confirmed breakout above the descending resistance occurs, the projected move could yield an impressive 140% to 150%+ gain from current levels. This projection aligns with historical wedge performance, where the move after breakout often mirrors the widest part of the wedge pattern. Such a scenario positions SXTUSDT as a strong candidate for short-term swing trades and longer-term speculative entries.
Investor interest in this project has been rising steadily, evidenced by increased discussion across trading communities and growing activity in order books. As the broader market sentiment shifts toward undervalued altcoins, SXTUSDT is likely to benefit from capital rotation. If momentum continues building, it could spark a breakout rally fueled by both technical and fundamental appeal.
Traders should monitor key breakout levels and look for confirmation via bullish candlestick formations and surging volume. SXTUSDTโs wedge breakout potential puts it in a favorable technical position to outperform in the coming sessions. Patience and precise entry could reward traders handsomely if the wedge pattern plays out as expected.
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SXTUSDT UPDATEPattern: Falling Wedge
Current Price: $0.0736
Target Price: $0.133
Target % Gain: 80.54%
Technical Analysis: SXT is forming a falling wedge on the 12H chart. The recent bullish breakout with increased momentum suggests potential upside. A sustained close above the wedge signals confirmation.
Time Frame: 12H
SXTUSDT: Sellers Dominate. Your Short Opportunity is Here. The truth is stark: price is falling, and buyers are still nowhere to be found. This isn't a market signaling demand; it's a clear display of strong sellers in control.
Most traders get lost in the noise. But you? You need a clear path. My strategy is simple: those red boxes and lines on the chart? They're your critical zones for short entries.
Here's your plan:
Wait for Contact: Price must touch these red zones.
Seek LTF Breakdowns: On lower timeframes, look for decisive bearish structures.
Confirm the Weakness: Check the volume footprint for genuine selling spikes and CDV (Cumulative Delta Volume) for firmly negative readings.
Why does this matter? While SXTUSDT highlights weakness, understanding its volume dynamics is key to identifying high-probability short setups.
Keep a very close eye on these red zones and lines. If these confirmations appear, you'll uncover clear, strategic short entries. Don't be surprised if SXTUSDT continues its bearish trend. This is where smart decisions are made.
๐I keep my charts clean and simple because I believe clarity leads to better decisions.
๐My approach is built on years of experience and a solid track record. I donโt claim to know it all but Iโm confident in my ability to spot high-probability setups.
๐If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.
๐I have a long list of my proven technique below:
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๐ AAVEUSDT - WE DID IT AGAIN!
I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..