STXUSDT: Previous Resistance Acting as Strong Support

By HexaTrades
STX technical analysis update

STX's price is bouncing from its major support level, with the previous resistance now acting as strong support. Above this support zone, the price has formed a descending channel and is currently trading within it. The price is now moving toward the channel resistance, potentially setting up for a breakout.

Regards
Hexa
Comment
STXUSDT 25%+ gain
Comment
STX price broke the descending channel in the day chart.

New Buy Setup
snapshot

Chart PatternshexatradesTechnical IndicatorsSTXstxbinanceSTXBTCstxusdSTXUSDTstxusdtanalysisstxusdtlongTrend Analysis
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