🚀 STX 4H: Higher Lows Pressing 0.34 – Long Only on a Breakout Close
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📊 Market state: Range with a bullish tilt. Price 0.3259 (+1.0% 24H) holds above EMA20 0.3185 and EMA50 0.3149, which is now rising. Lows keep stepping up (0.2680 → 0.2775 → 0.3151) under a flat 0.330-0.3395 cap. EMA200 0.3337 is still overhead.
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🎯 Plan (LONG)
Activation: a 4H candle closing above 0.3400 (clears the cap and EMA200)
Invalidation: a 4H close below 0.3151 before activation = setup void
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🛑 Stop loss: 0.3109 (below the 0.3151 swing low + 0.3×ATR)
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✅ Targets
TP1 0.3990 (Oct 31 wick) – 1.9R
TP2 0.4140 (early-Oct highs) – 2.4R
TP3 0.4614 (Oct 12 high) – 4.0R
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⚖️ Risk: size so a stop-out costs 1% of capital (stop is ~8.8% from entry, so keep size small). Hurdles at 0.3579 and 0.3842 may slow it, and BTC is still weak. Confidence: medium-low.
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Not financial advice. DYOR.
⠀
🔔 Follow for fresh setups every day
⠀
$STX $BTC
#STX #Stacks #TechnicalAnalysis #BinanceSquare
⠀
📊 Market state: Range with a bullish tilt. Price 0.3259 (+1.0% 24H) holds above EMA20 0.3185 and EMA50 0.3149, which is now rising. Lows keep stepping up (0.2680 → 0.2775 → 0.3151) under a flat 0.330-0.3395 cap. EMA200 0.3337 is still overhead.
⠀
🎯 Plan (LONG)
Activation: a 4H candle closing above 0.3400 (clears the cap and EMA200)
Invalidation: a 4H close below 0.3151 before activation = setup void
⠀
🛑 Stop loss: 0.3109 (below the 0.3151 swing low + 0.3×ATR)
⠀
✅ Targets
TP1 0.3990 (Oct 31 wick) – 1.9R
TP2 0.4140 (early-Oct highs) – 2.4R
TP3 0.4614 (Oct 12 high) – 4.0R
⠀
⚖️ Risk: size so a stop-out costs 1% of capital (stop is ~8.8% from entry, so keep size small). Hurdles at 0.3579 and 0.3842 may slow it, and BTC is still weak. Confidence: medium-low.
⠀
Not financial advice. DYOR.
⠀
🔔 Follow for fresh setups every day
⠀
$STX $BTC
#STX #Stacks #TechnicalAnalysis #BinanceSquare
