💎 STX has recently captured significant market interest. Currently, STX is showcasing a positive trend, having broken through a key resistance level and now undergoing a retesting phase at a support level that previously acted as resistance.
💎 There is the probability for STX to resume its upward trajectory, aiming for the strong resistance area near its all-time high.
💎 However, should STX falter in its ascent, a reverse trend might ensue, leading it back to the support area for a potential rebound.
💎 In this crucial support zone, STX must demonstrate resilience and bounce back to maintain its upward trend. A failure to hold above this support level and a subsequent breakdown could be a negative indicator, signaling a possible shift to a bearish trend.
💎 This could lead to a downward movement towards the demand area, and potentially even to a more substantial support level. Such a development would require close observation for its impact on STX's market direction.
💎 There is the probability for STX to resume its upward trajectory, aiming for the strong resistance area near its all-time high.
💎 However, should STX falter in its ascent, a reverse trend might ensue, leading it back to the support area for a potential rebound.
💎 In this crucial support zone, STX must demonstrate resilience and bounce back to maintain its upward trend. A failure to hold above this support level and a subsequent breakdown could be a negative indicator, signaling a possible shift to a bearish trend.
💎 This could lead to a downward movement towards the demand area, and potentially even to a more substantial support level. Such a development would require close observation for its impact on STX's market direction.
Trade closed: target reached
Spot on again! #STX has climbed 167.23%
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.