STX is showing signs of a potential short squeeze despite bearish structure. Whale resistance is currently capping immediate upside.
$STX

Bias: Bearish structure with potential for a tactical reversal.

Trade Plan

Entry: 0.2468

SL: 0.245692

TP: 0.248278

Market Evidence:

• Negative funding indicates short squeeze potential.

• Pre-pump and ignition signals suggest a tactical reentry.

• Shorts dominate the L/S ratio at 53.6%.

Risk:

• Whale resistance on the order book may cap upside movement.

Watch:

Monitor if price breaks above whale resistance to confirm momentum.

#STX #Crypto #Trading