Oct 9, 23:00 — two altcoins just broke down off the same setup, one minute apart.
$STX punched through its $0.385 shelf after three failed pushes at $0.405, and every one of those left a long upper wick. Textbook buyer exhaustion. The layout is short: entry $0.3842, stop $0.4036, targets $0.3578 then $0.3138, about 3.6R.
$LTC is the same movie with different paint. It bled from $70 all week, coiled into a small bear flag around $64–64.6, then the biggest-volume red candle of the day broke it down toward $61.5–62 before bouncing back to the line. Entry $63.31, stop $64.67, targets $62.02 and $59.87, roughly 2.5R. Heads-up: $62.02 is yesterday's low, so the first target doubles as the first real decision point.
One nuance worth keeping: the $STX break had 63% aggressive buying inside the breakdown candle. Somebody's catching knives down there. The $LTC break was cleaner — sellers owned the tape.
Same pattern, same minute, same macro short. If you're trading it, pick one. Taking both is just the same bet twice.
Not financial advice.
#Altcoins #STX #LTC #CryptoTrading #Bitcoin
$STX punched through its $0.385 shelf after three failed pushes at $0.405, and every one of those left a long upper wick. Textbook buyer exhaustion. The layout is short: entry $0.3842, stop $0.4036, targets $0.3578 then $0.3138, about 3.6R.
$LTC is the same movie with different paint. It bled from $70 all week, coiled into a small bear flag around $64–64.6, then the biggest-volume red candle of the day broke it down toward $61.5–62 before bouncing back to the line. Entry $63.31, stop $64.67, targets $62.02 and $59.87, roughly 2.5R. Heads-up: $62.02 is yesterday's low, so the first target doubles as the first real decision point.
One nuance worth keeping: the $STX break had 63% aggressive buying inside the breakdown candle. Somebody's catching knives down there. The $LTC break was cleaner — sellers owned the tape.
Same pattern, same minute, same macro short. If you're trading it, pick one. Taking both is just the same bet twice.
Not financial advice.
#Altcoins #STX #LTC #CryptoTrading #Bitcoin