$STX Bullish Displacements via Liquidity Purge Targets Range High
Stacks exhibits a textbook institutional accumulation blueprint around the 1H Range Low. Velo Data validates an aggressive decline in Aggregate Open Interest during the deviation phase, signaling a complete washout of late-stage retail shorts. Strong limit order defense on Spot CVD versus speculative selling on Perp CVD highlights heavy passive absorption. Following the sweep, a clean structural pivot (CHOCH) materialized on the 5m LTF, backed by an immediate impulse out of the demand zone. Stop Loss incorporates local ATR padding to tolerate near-term volatility. Primary targets remain fixed at the equilibrium and structural liquidity pools.
LONG 🟢
Leverage: 20x–50x
Entry Range: 0.3680 – 0.3750
🎯 TP1: 0.3950
🎯 TP2: 0.4200
🎯 TP3: 0.4550
🛑 SL: 0.3540
#STX #Stacks #BitcoinLayer2s