$STX breaking out on the Bitcoin L2 story 👀
+11.7% to ~$0.43. Muneeb Ali officially started as Stacks Labs CEO, Bitcoin Bond 2 (~500 BTC cap) filled, and the "Stacks 2030" roadmap from TOKEN2049 is doing the rounds.
Chart: price cleared $0.40 and is retesting the breakout at $0.415–0.430. 4H EMA20 sits right under at ~$0.405. Daily RSI 73.6 though, so I'm not chasing.
My plan:
🟢 Bid $0.415–0.430 (2nd fill $0.400–0.410)
🎯 TP1 $0.448–0.461 / TP2 $0.480–0.490
🔴 Out on a 4H close below $0.375
RR from $0.415: ~1.1R to TP1, ~1.8R to TP2
Watching US CPI on Oct 14 and the Oct 28 unlock (~4.17M STX).
Where would you add? 👇
NFA, DYOR.
+11.7% to ~$0.43. Muneeb Ali officially started as Stacks Labs CEO, Bitcoin Bond 2 (~500 BTC cap) filled, and the "Stacks 2030" roadmap from TOKEN2049 is doing the rounds.
Chart: price cleared $0.40 and is retesting the breakout at $0.415–0.430. 4H EMA20 sits right under at ~$0.405. Daily RSI 73.6 though, so I'm not chasing.
My plan:
🟢 Bid $0.415–0.430 (2nd fill $0.400–0.410)
🎯 TP1 $0.448–0.461 / TP2 $0.480–0.490
🔴 Out on a 4H close below $0.375
RR from $0.415: ~1.1R to TP1, ~1.8R to TP2
Watching US CPI on Oct 14 and the Oct 28 unlock (~4.17M STX).
Where would you add? 👇
NFA, DYOR.