💎 Paradisers, STX is indeed exhibiting intriguing movements that warrant close attention.
💎 Having successfully broken out of the falling wedge pattern, STX has signaled bullish momentum for its next movement. There's potential for a retest around the 2.1 to 2.0 area before resuming its upward trajectory towards the resistance zone between 2.375 and 2.51.
💎 A successful breakout above this resistance would confirm STX's return to a bullish trend in the mid-term, potentially leading to significant upward movement towards our target strong resistance area.
💎 However, if STX fails to break above the resistance and experiences a strong rejection indicated by a bearish candle, the price may retreat back to the demand area, possibly around 1.75, to gather new momentum for another attempt at breaking the resistance.
💎 It's crucial for STX to bounce from the demand area and resume its upward movement. Failure to do so, especially if STX shows weakness and sideways movement, could signal a bearish turn, particularly if the demand level at 1.75 is breached.
MyCryptoParadise
iFeel the success🌴
💎 Having successfully broken out of the falling wedge pattern, STX has signaled bullish momentum for its next movement. There's potential for a retest around the 2.1 to 2.0 area before resuming its upward trajectory towards the resistance zone between 2.375 and 2.51.
💎 A successful breakout above this resistance would confirm STX's return to a bullish trend in the mid-term, potentially leading to significant upward movement towards our target strong resistance area.
💎 However, if STX fails to break above the resistance and experiences a strong rejection indicated by a bearish candle, the price may retreat back to the demand area, possibly around 1.75, to gather new momentum for another attempt at breaking the resistance.
💎 It's crucial for STX to bounce from the demand area and resume its upward movement. Failure to do so, especially if STX shows weakness and sideways movement, could signal a bearish turn, particularly if the demand level at 1.75 is breached.
MyCryptoParadise
iFeel the success🌴
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.