$STXX — BUYERS ARE TRYING TO BUILD A RECOVERY FROM THE $820 SUPPORT.
$STXX | 4H MARKET STRUCTURE
Price made a sharp decline from the $1,013.29 high before finding a base near $820.52. Since that low, buyers have started producing a series of small higher lows, with price now back around $847.
The recovery is still early, so the $850–$865 region is the key area to watch for confirmation.
LONG SETUP
EP: $838–$852
TP1: $870
TP2: $895
TP3: $925
SL: $825
Why this setup?
The bounce from $820.52 shows buyers defending the recent low. Momentum has improved over the latest candles, but a stronger move above the nearby resistance would give the recovery more credibility.
If price breaks and holds above $865, further upside toward the next resistance zones becomes possible. A move back below $825 would invalidate the bullish idea.
$STXX | 4H MARKET STRUCTURE
Price made a sharp decline from the $1,013.29 high before finding a base near $820.52. Since that low, buyers have started producing a series of small higher lows, with price now back around $847.
The recovery is still early, so the $850–$865 region is the key area to watch for confirmation.
LONG SETUP
EP: $838–$852
TP1: $870
TP2: $895
TP3: $925
SL: $825
Why this setup?
The bounce from $820.52 shows buyers defending the recent low. Momentum has improved over the latest candles, but a stronger move above the nearby resistance would give the recovery more credibility.
If price breaks and holds above $865, further upside toward the next resistance zones becomes possible. A move back below $825 would invalidate the bullish idea.
