$STX is attempting to recover after a significant 42% correction toward $0.2852. The hourly chart has printed a double-bottom pattern, while recovering price action is approaching the $0.33–$0.34 resistance zone. Previously negative funding suggests an overcrowded short position during the decline, potentially contributing to the recovery. However, failure to clear $0.34 could weaken the reversal setup.
📈 Bias: Bullish (Short-term Reversal) | 🎯 Entry: $0.315–$0.328 | 🛡 Support: $0.2852 / $0.2450 | 🚧 Resistance: $0.3400 / $0.3811 | 🎯 Targets: $0.345 / $0.370 / $0.381 | ❌ Invalidation: $0.298
Strategy: Look for confirmation above $0.34 before treating the reversal as a stronger continuation setup.
#STX #Stacks #CryptoTrading #Binance #Altcoins
📈 Bias: Bullish (Short-term Reversal) | 🎯 Entry: $0.315–$0.328 | 🛡 Support: $0.2852 / $0.2450 | 🚧 Resistance: $0.3400 / $0.3811 | 🎯 Targets: $0.345 / $0.370 / $0.381 | ❌ Invalidation: $0.298
Strategy: Look for confirmation above $0.34 before treating the reversal as a stronger continuation setup.
#STX #Stacks #CryptoTrading #Binance #Altcoins
