$STX
#STXUSDT is up 20 today and trading near 0.1651 after a strong rally from the 0.1351 low
Price is now pushing into the 0.1675 resistance area which is the first level that really matters here
The nearest support sits around 0.1550 to 0.1500
If that fails the next zones to watch are 0.1400 and then 0.1350
The structure looks like a recovery bounce for now and it could be forming a higher low pattern
Traders should watch whether price can hold above 0.1500 and turn 0.1675 into a breakout level because rejection there could still send it back into the 0.1400 zone
On the upside a clean break above 0.1675 could open room toward 0.1800 and possibly 0.2000 to 0.2200 if momentum stays strong
Order book shows 57 percent longs and 42 percent shorts which is bullish skewed
7 day gain is 34 percent showing strong short term momentum
90 day and yearly trends are still down so treat this as a bounce until proven otherwise.
#STXUSDT is up 20 today and trading near 0.1651 after a strong rally from the 0.1351 low
Price is now pushing into the 0.1675 resistance area which is the first level that really matters here
The nearest support sits around 0.1550 to 0.1500
If that fails the next zones to watch are 0.1400 and then 0.1350
The structure looks like a recovery bounce for now and it could be forming a higher low pattern
Traders should watch whether price can hold above 0.1500 and turn 0.1675 into a breakout level because rejection there could still send it back into the 0.1400 zone
On the upside a clean break above 0.1675 could open room toward 0.1800 and possibly 0.2000 to 0.2200 if momentum stays strong
Order book shows 57 percent longs and 42 percent shorts which is bullish skewed
7 day gain is 34 percent showing strong short term momentum
90 day and yearly trends are still down so treat this as a bounce until proven otherwise.