Is STXUSDT About to Explode or Collapse?Yello Paradisers! Could we be on the verge of a major breakout for STXUSDT, or are we staring down a potential breakdown? Let’s dive into the details so you don’t miss out on this crucial moment!
💎STXUSDT has formed a descending channel, and right now, the price is sitting near a key support zone. This combination significantly raises the odds of a bullish move.
💎What we’re looking for is a Change of Character (CHoCH) in the lower time frame from this support zone. If that happens, the probability of a rally increases further, as it suggests a potential double-bottom pattern could be forming.
💎If we see a rise from this level followed by a breakout and a candle closing above the resistance zone, that will confirm the bullish bias. After the formation of a W pattern or a consolidation phase, the odds of a stronger upward move become even higher.
💎However, stay alert. If the price breaks down and we get a candle closing below the support zone, it will invalidate this setup completely.
🎖 As always, discipline is key, Paradisers. Be patient and wait for confirmation. Trading smart and sticking to high-probability setups is how you make it long-term in this game. Stay focused, stay disciplined!
MyCryptoParadise
iFeel the success🌴
STXUST trade ideas
$STX Looks Strong: Could It Rally to $7?NASDAQ:STX Looks Strong: Could It Rally to $7?
➡️ Current Trend: Bullish on the higher time frame (HTF).
➡️ Key Support Level: $1.20
If $1.20 holds as support, it’s a very positive sign for STX holders.
➡️ Bull Flag Formation:
- Breakout zone: $1.60 - $1.70
- If STX breaks out of this zone, it could push the price toward $5 - $7.
➡️ Accumulation Zone:
- Above $1 is a good area to accumulate STX.
- Below $1 could be bearish.
Stay sharp and watch these levels.
Will Stacks continue the rally?The token has seen almost 139% growth since we published our analysis on 7th Feb 2022 ().
The price is above the weekly 50-MA and RSI is above 70 showing upside momentum in the coin.
The coin is showing support @ 0.5399 and resistance @ 1.0474 . Entry can be made with appropriate stop loss.
Note:
Studies are for educational purposes only.
We will not be responsible for any kind of your Profits & Losses.
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Daily Screener: STXUSDTFrom a pool of thousands of tokens, selecting the right token for trading becomes difficult. Retail investors often invest / trade when the tokens are already up by 60-70%.
To resolve this, we have designed a screener to screen tokens gaining momentum.
Today's screener token: STXUSDT
Screener Logic:
Price (close) > Parabolic SAR
AND
MACD > MACD signal
AND
Supertrend gives buy signal
Timeframe: 1d
Reward to Risk Ratio : 2
Note:
The token selection is based on various technical indicators and there is always the risk of losing money while trading. Please DYOR before trading/ investing.
Studies are for educational purposes only.
We will not be responsible for any kind of your Profits & Losses.
Follow us for more updates.
💡Don't miss the great buy opportunity in STXUSD @StacksTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.295).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. STXUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.
Take Profits:
TP1= @ 1.595
TP2= @ 1.769
TP3= @ 1.988
TP4= @ 2.195
TP5= @ 2.465
SL= Break below S2
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