$STX caught my attention with this drop. 👀
STX is down around 8.8% in 24H, but I’m not seeing a major Stacks-specific reason for the selloff.
The bigger picture:
💥 BTC-led market flush
📉 Leverage getting wiped out
🔥 STX had strong prior momentum
💰 Profit-taking amplified the move
And here’s what makes it interesting: STX was actually showing strength during the first leg of the selloff.
My trader take: this looks more like a reset than a fundamental breakdown.
🔥 Would you buy this weakness, or wait for STX to prove strength again?
$STX
#BinanceSquare
STX is down around 8.8% in 24H, but I’m not seeing a major Stacks-specific reason for the selloff.
The bigger picture:
💥 BTC-led market flush
📉 Leverage getting wiped out
🔥 STX had strong prior momentum
💰 Profit-taking amplified the move
And here’s what makes it interesting: STX was actually showing strength during the first leg of the selloff.
My trader take: this looks more like a reset than a fundamental breakdown.
🔥 Would you buy this weakness, or wait for STX to prove strength again?
$STX
#BinanceSquare