STX: Approaching SupportTrade setup : After sizeable gains (~400% YTD 2023), price was met with selling pressure around $1.05 resistance area. Now we wait for price to find support level and for momentum to inflect bullish again (MACD Histogram rising). Fibonacci retracement levels (potential support) are $0.73 (38.2%), $0.63 (50%), and $0.63 (78.6%).
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $0.80, which it broke, then $0.60, and $0.40. The nearest Resistance Zone is $1.05.