$STX JUST BOUNCED 18% OFF $0.28—IS THIS THE PULLBACK TRADERS SHOULD WAIT FOR?
Stacks pulled back about 36% from its $0.435 peak, held the $0.28 area, and has now ripped to $0.3391, up around 17.8% on roughly 2.4x its average daily volume. That is real participation but price is now testing resistance, so I’m not chasing the candle.
STX is back at the $0.343 minor resistance, still below the $0.355–$0.365 lower highs. The October downtrend is not broken yet.
Open trade opportunity
🟢 Pullback entry: around $0.318, only if the $0.305–$0.320 support zone holds on a retest
🛑 Stop / invalidation: a daily close below $0.298
🎯 TP1: $0.360 — October lower highs
🎯 TP2: $0.390 — October swing high
From a $0.318 entry:
Risk: about 6.3% to invalidation
TP1: about 13.2%, or roughly 2.1R
TP2: about 22.6%, or roughly 3.6R
These figures exclude fees and slippage.
Breakout alternative
If STX does not pull back, watch for a daily close above $0.360 followed by a successful retest. That would be the first sign the October lower highs are breaking not just another bounce.
After that reclaim, the next levels to watch are $0.390, then the $0.435 peak.
⚠️ Volume is above average but not extreme, so I want the retest to hold. If price simply runs without giving a clean entry, I’m fine missing it.
❌ If $0.298 breaks on a daily close, there is no trade. I wait for the next clean structure near $0.28.
Are you buying the pullback toward $0.318, or waiting for the $0.360 breakout? Drop your levels below 👇
#STX #Stacks #CryptoTrading #TradingSetup