đ $STX is showing a potential technical setup!
STX/USDT is displaying a visible structure on the 1M timeframe.
đ The Technical Setup:
âą The Pattern: Macro Falling Wedge/Bottoming structure
âą Short-term Target: 0.5268
âą Macro Objective: 3.0000
âą Market Structure: Bottoming formation with potential trend reversal
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 0.0470 - 0.2000
âą Resistance: 0.5268 - 0.8236
âą Breakout Level: 0.4000
âą Stop Loss / Invalidation: 0.1500
đ Confirmation:
âą Volume: Neutral
âą Momentum: Bullish recovery candle off historical lows
âą Trend: Long-term downtrend testing potential reversal line
â ïž Invalidation:
A monthly close below the 0.1500 support level would invalidate the bullish thesis.
STX is showing early signs of a macro reversal at extreme oversold levels, needing a confirmed breakout above local resistance to trigger further upside.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#STX #crypto #BinanceSquare #Binance #BTC
STX/USDT is displaying a visible structure on the 1M timeframe.
đ The Technical Setup:
âą The Pattern: Macro Falling Wedge/Bottoming structure
âą Short-term Target: 0.5268
âą Macro Objective: 3.0000
âą Market Structure: Bottoming formation with potential trend reversal
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 0.0470 - 0.2000
âą Resistance: 0.5268 - 0.8236
âą Breakout Level: 0.4000
âą Stop Loss / Invalidation: 0.1500
đ Confirmation:
âą Volume: Neutral
âą Momentum: Bullish recovery candle off historical lows
âą Trend: Long-term downtrend testing potential reversal line
â ïž Invalidation:
A monthly close below the 0.1500 support level would invalidate the bullish thesis.
STX is showing early signs of a macro reversal at extreme oversold levels, needing a confirmed breakout above local resistance to trigger further upside.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#STX #crypto #BinanceSquare #Binance #BTC
