Trade Setup: STX Double Bottom FormationMarket Context:
STX has shown a significant rally of 200% the last time it touched this support level. With the price forming a double bottom and BTC expected to rally, this presents an opportunity for both a spot position and a shorter-term trade.
Trade Setup:
Entry: Enter a trade at $1.37.
Take Profit: Set profit targets at $1.80 and $1.98.
Stop Loss: Place the stop loss at $1.16 (on a daily close).
📊 Monitor BTC's performance closely and adjust your strategy as needed! #STX #CryptoTrading #DoubleBottomFormation 🎯
Stxanalysis
Opportunity to buy in STXFrom where we put the red arrow on the chart, STX correction has started.
According to STX correction, it is a symmetrical or double.
The green range is a good support.
By maintaining the green range, it can have an upward return towards the targets specified on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
STXUSDT Signals Potential Bullish Breakout with Falling Wedge 💎 STXUSDT pair has formed a falling wedge pattern on the 4-hour timeframe, indicating a potential bullish reversal.
💎 As the trading volume gradually decline. This signifies reduced selling pressure and accumulation by buyers. An increase in volume during the breakout can further confirm the bullish outlook.
💎 If the breakout occurs above the upper trendline of the falling wedge, it could lead to a potential upward price movement.
Disclaimer: This is Not Financial Advice ❗️ Trade at Your Own Risk ⚠️