STX ripped 17.3% to test the top of its 7-day range at 0.290.
That's more than a double from the 0.118 low. Price is holding above the 20-day EMA (0.258), but this is the first real resistance it's seen on the way up.
The easy money has been made here. Volume is only $10M, which isn't massive conviction for a breakout. Expect sellers who bought the bottom to start taking profit right here.
Is this a clean breakout or is it just exit liquidity for early buyers?
$STX
Follow for the next read — posted the moment the tape moves.
That's more than a double from the 0.118 low. Price is holding above the 20-day EMA (0.258), but this is the first real resistance it's seen on the way up.
The easy money has been made here. Volume is only $10M, which isn't massive conviction for a breakout. Expect sellers who bought the bottom to start taking profit right here.
Is this a clean breakout or is it just exit liquidity for early buyers?
$STX
Follow for the next read — posted the moment the tape moves.
