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STXUSDT trade ideas

#STX USDTWhat Is Stacks (STX)? Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications. Stacks has knowledge of the full Bitcoin state, thanks to its Proof of Transfer consensus and Clarity language, enabling it to read from Bitcoin at any time. All transactions on the Stacks layer are automatically hashed and settled on the Bitcoin L1. Stacks blocks are secured by 100% Bitcoin hashpower. In order to re-order Stacks blocks/transactions, an attacker would have to reorg Bitcoin.
Long
by aytekus
1
Stacks is the best risk reward coin i can findFirst of all BTC is the biggest, most well known crypto coin with the most liquidity. At the same time it has the biggest scalability and programability problems. In the bull market you can literally wait for days for your BTC to transfer. Not to mention it is not programmable. Not to worry. Here comes STACKS. One of the few layer 2 solutions on BTC which also has smart contracts. Currently valued at under a billion market cap, which is ridiculous. If STX was to capture only 10% of BTC MC currently it needs to be sitting at 60x from where it is now. What happens in the bull market when BTC goes to 3 trillion MC? Stacks can be up to 300 billion MC. Ill let you do the math of how much potential this coin has. I would say that 50 dollars is a very conservative target for this coin.
Long
by BGMind_Control
✴️ Stacks Targets (125% to 175% Potential Mapped)This is done at your request, you wanted an update but the chart is the same and it is clear. I've been updating the old trade idea but... Here you have it. I hope you find this information useful and it answers your question. STXUSDT (Stacks) We have the initial breakout after the 10-June low. This leads to a correction that ends 10-July. Now we have four days green with a clear bullish bias based on the recent short-term higher low, the strong indicators, etc. Everything is pointing up and the market moves together as a whole. This is just as we predicted. Enjoy the profits as they come. The targets on the chart. Wishing you great luck, health, wealth and success. You deserve the best, now and always... Remember that. Namaste.
Long
by MasterAnanda
3
Stacks bullish outlook in focus?👀!! 🚀STX Today Analysis💎A breakout of a descending channel to the upside, and is currently trading above the Point of Control POC of the Volume Profile Visible Range. 💎This POC is acting as a support level, indicating high volume and signaling bullish momentum. 💎There's a possibility that STX might pull back to retest the trendline of the channel before moving upwards - both scenarios are on the table. 💎Additionally, STX is currently in a high demand area, further confirming the bullish outlook. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
Long
by MyCryptoParadise_Simon
1
STX/USDT Analysis: Potential Reversal in SightGreetings, traders! Let's dive into the STX/USDT pair and examine its current chart patterns. On the one-hour chart, we can observe promising signs of a potential reversal. Presently, STX/USDT is within a falling wedge formation, which often suggests a higher likelihood of breaking to the upside. Adding to this optimistic outlook, the formation of a double bottom within the wedge provides further support for an upward move. However, it's important to be cautious as some technical indicators are sending mixed signals. The RSI, MACD, and Stochastic RSI are hinting at the possibility of further downside, which could potentially form a triple bottom pattern. To ensure better entry points, it would be prudent to closely monitor the price action over the next few hours. This will allow us to gather more information and assess the strength of the potential reversal. I encourage you all to share your thoughts on this analysis. If you agree or disagree with any part of it, please feel free to comment and engage in the discussion. As always, remember to exercise proper risk management and stay vigilant during your trading journey. Happy trading, and let's see how this exciting setup unfolds!
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by Fermented_Crypto
✴️ Stacks UpdateThis is the same chart I shared 7-June on purpose. Notice how prices moved below the stop-loss/support just to recover even faster, within a day with high volume and a bullish engulfing candlestick pattern. The RSI is strong and supported by rising volume. When such shakeout moves take place, this is a strong bullish signal. The only reason for big market players, whales/exchanges and market manipulators to produce these shakeout moves is because everything is about to grow. So they want to shakeout "weak hands"... Are you in it for real or do you have doubts? If you have doubts you sell and quit, if you are certain you buy more and/or hold. Now that the shakeout is complete, the markets can grow. There can be more volatility and additional shakeouts, keep this in mind... No surprise, trading cryptocurrencies is tricky, the market is new and more advanced than the old ones. We have to be smart and be prepared. Diversify and plan ahead. I am wishing you tons of profits, great luck, wealth, health and abundance. I love you now and always. Thanks a lot for your amazing support. Namaste.
Long
by MasterAnanda
13