STXUSDT trade ideas
STXUSDT completing Cypher | 29.9% expectedOn small time period one hour chart, the price action of Blockstack (STX) is completing the final leg of Cypher pattern , and soon it will be entered in potential reversal zone. There is also 200 simple moving average support in PRZ level.
Buying And Sell Targets:
The buying and sell targets according to BAT pattern should be:
Potential reversal or buying zone: $0.2704 to $0.2501
Fibonacci projection or sell zone: $0.2863 to $0.3249
Stop Loss:
The potential reversal zone area that is up to $0.2501 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 29.90% and as per the above-mentioned stop loss, the loss possibility is 8%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
STXUSDT LONG TRADESTXUSDT LONG TRADE
Signal: Blue -> Green
Context: Light Green
Trade close manually when: the above ribbons turns Yellow or better Red.
I appreciate your like or comment. Welcome to share your idea here.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
STXUSDTPERP - Long - Potential 17.71%***NEW TRADE SET_UP"**
STXUSDTPERP - Long - Potential 17.71%
Optional Leverage: 3X - 5X
Entry- 2338
TP1(75%) - 2533
TP2- (25%) - 2752
SL - 2160
- MANAGE TRADES- BTC VOLATILITY & BIG DROP POSSIBLE
- RR - 2.33
- Trailing Buy - 0.5%
- Trailing Profit - 1%
- Trailing Stop-Loss - No
STXOn the chart we can see bearish channel we follow, but i also marked Fibonaci retracement from D1 chart last price break. On 1 hour chart it looks like we are in golden support zone fibonaci retracement and we are slightly down on long term trend line from March 2020. But on D1 chart is only overlaping or candle knots. If we break this long term support line we can see bullish pump at least to target fibo 0,236.
STXUSDT is trying to have a breakout 🦐STXUSDT is trying to have a breakout from the dynamic daily trendline and static daily resistance
IF the price will have a breakout, According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
STXUSDT 4H - Possible bear flagPossible bear flag on stxusdt after a descending triangle breakout.
Possible bullish diversion on MACD.
STX has an upcoming mainnet event in around 6 weeks.
Play safe, and remember to check BTCUSDT and BTC .D before book your positions.
** Not financial advisor, only playing around and learning.