💎 STX is currently a significant focus in the trading community. In a similar vein to MINA, it's breaking out of a Bullish FLAG pattern and is entering a retesting phase at the resistance trendline.
💎 If STX successfully retests, characterized by a bounce off the resistance trendline, it could signal a continuation of its upward trajectory, probability aiming for a strong supply area in our target zone.
💎 However, if STX fails to rebound from the resistance trendline of the Bullish flag and instead consolidates around this level, it could be a troubling indicator. Such a scenario might lead to STX breaking down below the trendline. A breakdown like this would confirm a false breakout, potentially setting STX on a path back to a lower demand level around $0.592.
💎 If STX successfully retests, characterized by a bounce off the resistance trendline, it could signal a continuation of its upward trajectory, probability aiming for a strong supply area in our target zone.
💎 However, if STX fails to rebound from the resistance trendline of the Bullish flag and instead consolidates around this level, it could be a troubling indicator. Such a scenario might lead to STX breaking down below the trendline. A breakdown like this would confirm a false breakout, potentially setting STX on a path back to a lower demand level around $0.592.
Trade closed: target reached
Bingo! #STX is dancing to our tune, up 74.76%% just like we predicted.
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
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🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.