Market 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...
From 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...
💎 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...