$STX HEAVY SUPPLY REJECTION AT RESISTANCE โ SHORT SETUP ๐๐ฅ
๐ด SHORT
Entry Range: $0.385โ$0.400
Stop Loss: $0.4250
TP1: $0.3200
TP2: $0.2700
TP3: $0.2250
STX has made a seriously aggressive move from the $0.1175 floor and is now trading around $0.387. For me, the key is whether sellers can defend this heavy daily supply zone instead of giving up the resistance.
Iโm looking for a deeper pull-back while STX stays below the $0.425 resistance line. A clean rejection around the entry zone could open the door toward $0.320 first, followed by the $0.270 level and eventually the marked $0.225 support target zone.
After a rally this explosive, Iโm definitely not treating it like a free-money trade ๐ . Volatility can be brutal, so Iโd rather manage position size and give the setup room instead of chasing with oversized risk.
As long as the rejection structure remains intact, my bias stays bearish. Above $0.4250, the setup is invalidated for me.
Now letโs see if STX has another leg down left in the tank ๐๐ฅ
$MOVR
$NIGHT
๐ด SHORT
Entry Range: $0.385โ$0.400
Stop Loss: $0.4250
TP1: $0.3200
TP2: $0.2700
TP3: $0.2250
STX has made a seriously aggressive move from the $0.1175 floor and is now trading around $0.387. For me, the key is whether sellers can defend this heavy daily supply zone instead of giving up the resistance.
Iโm looking for a deeper pull-back while STX stays below the $0.425 resistance line. A clean rejection around the entry zone could open the door toward $0.320 first, followed by the $0.270 level and eventually the marked $0.225 support target zone.
After a rally this explosive, Iโm definitely not treating it like a free-money trade ๐ . Volatility can be brutal, so Iโd rather manage position size and give the setup room instead of chasing with oversized risk.
As long as the rejection structure remains intact, my bias stays bearish. Above $0.4250, the setup is invalidated for me.
Now letโs see if STX has another leg down left in the tank ๐๐ฅ
$MOVR
$NIGHT
