SXT is currently in an interesting stage. On a 15-minute chart, the current price is around 0.02743, which is exactly the starting point of the bullish momentum. Based on the candlestick movement, it is still in the early stage, and further observation is needed to see how it develops.
The key reference levels are distributed as follows: support levels below are at 0.02696, 0.02667, and 0.02605. Looking upward, 0.02752 is the most critical short-term resistance level. The tracking line is set at 0.02729, which is very important for risk control.
From a trading perspective, the approach is quite clear: as long as the price stays above 0.02729, there is an opportunity for a low buy-in, but stop-loss must be strictly set below this line, with no room for complacency. If the price can break through and stabilize above the 0.02752 resistance, the trend may accelerate upward.
It is important to be cautious because the current trend is still young, and the risk of reversal cannot be ignored. If the price falls below the tracking line at 0.02729, this upward structure will be invalidated, and a reassessment will be necessary.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
20 Likes
Reward
20
8
Repost
Share
Comment
0/400
NFTRegretter
· 01-07 23:26
It's another precise position analysis, but I'm more concerned about whether 0.02729 can really hold, or else I'll have to find support again.
View OriginalReply0
OfflineValidator
· 01-06 21:23
Another old trick of support and resistance, is that 0.02729 line really so sacred? Why do I feel like it's a constant tug-of-war here?
Feeling like the bulls are starting up? This is just the beginning of acceleration? Let's wait until a real breakout.
What's the use of piling up data like this? It still depends on how the order book moves; surface-level analysis is meaningless.
I just want to know how many people can really stick to their stop-loss; in reality, 90% are just fooling themselves.
This wave of reversal risk sounds pretty scary, but the temptation of low buying is even stronger. The thrill of betting is what makes it addictive.
Strictly executing stop-loss? Ha, easier said than done. Who can withstand a real drop?
View OriginalReply0
ProveMyZK
· 01-06 19:59
sxt, can this wave hold steady at 0.02729? To be honest, it's hard to say. It still depends on the trading volume moving forward.
But honestly, the biggest risk in the early stage is a reversal. This level really requires caution.
If the resistance at 0.02752 isn't broken, it might need to consolidate for a while.
Tracking lines and stop-losses all sound clear, but in actual trading, everyone wants to make a few more points.
Young trends are the easiest to trap people. I wouldn't dare to go all-in.
View OriginalReply0
fren.eth
· 01-05 02:57
Hmm, the line at 0.02729 definitely needs to hold, or else we'll have to re-evaluate.
View OriginalReply0
Anon32942
· 01-05 02:57
Wait, can the 0.02729 line really hold? It feels a bit uncertain.
View OriginalReply0
SchroedingerGas
· 01-05 02:50
Is the 0.02729 line really that sacred? It seems like I always hear about these critical levels.
View OriginalReply0
airdrop_whisperer
· 01-05 02:40
Hmm, the 0.02729 level is really crucial. Once it breaks, you'll have to reassess.
Only when it stabilizes above 0.02752 can you feel safe to buy in; right now, it's still too early.
The initial stage is always the easiest to get hammered; you need to stick to your stop-loss and avoid greed.
The risk of this reversal is indeed present, better to be cautious.
Is it better to buy now at 0.02743 or wait a bit? I'm a bit conflicted.
View OriginalReply0
FloorSweeper
· 01-05 02:35
lol another "early stage" call... watched three different analysts say the same thing on 0.02729 last week, two of em got liquidated. ngl the support levels look neat on the chart but market don't care about your pretty lines when capitulation hits
SXT is currently in an interesting stage. On a 15-minute chart, the current price is around 0.02743, which is exactly the starting point of the bullish momentum. Based on the candlestick movement, it is still in the early stage, and further observation is needed to see how it develops.
The key reference levels are distributed as follows: support levels below are at 0.02696, 0.02667, and 0.02605. Looking upward, 0.02752 is the most critical short-term resistance level. The tracking line is set at 0.02729, which is very important for risk control.
From a trading perspective, the approach is quite clear: as long as the price stays above 0.02729, there is an opportunity for a low buy-in, but stop-loss must be strictly set below this line, with no room for complacency. If the price can break through and stabilize above the 0.02752 resistance, the trend may accelerate upward.
It is important to be cautious because the current trend is still young, and the risk of reversal cannot be ignored. If the price falls below the tracking line at 0.02729, this upward structure will be invalidated, and a reassessment will be necessary.