$STX Close the short position and open a long position
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Bears bring umbrellas to a bull market, while bulls bring rockets, and the very next candle may settle their heated argument.
Trading signal: $STX: Buy
Risk level: 9/10 - Extremely high
Entry: $0.2928
Stop loss: $0.2876
Take-profit targets
TP1: $0.298
TP2: $0.3006
TP3: $0.3032
Timeframe analysis
- 15M: Bearish
- 1H: Bearish
- 4H: Bearish
- 1D: Bearish
Patience is key as conflicting signals persist; a bullish bias on the 4H timeframe is preferred, but be sure to enter only after price action moves above the resistance level.