STX is in news after publication by LunarCrush. On Daily and Weekly it's showing a heavily bullish sign, this is 4h timeframe and it did a breakout from pennant which is ascending means forming HL but also LH.I have kept two targets, first target is a resistance on Daily and second target is a Weekly resistance.
You can either enter if price comes back for a retest at breakout level or you can take entry at any level in between, but I technically believe that bullish momentum is strong and price might not come back for a retest.
Plan your trade and DYOR.
Trade active
Orders filled.Note
Price going towards our first target, all is well as of now.Note
A bull flag is formed and now the price is reversing after retesting the previous high.Note
I scaled-in into this trade at 0.945
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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.