Get started
Stacks
Long

$STX looking bullish

By benjihyam
Updated
STXUSD is looking pretty bullish. As you can see on the chart, price has been consolidating in a falling wedge, and it looks like it's about to break out.

It could either go up here, or it could retest the $.75 region before heading higher. Either way, price looks like it wants higher.

I entered a position at $.7375. My bias leans towards the $.99 - $1.10 region as the short term top, then I could see price retesting this structure before heading much higher.
Comment
Still in this, don't think it's time for lower yet. Good entry here most likely. If this region doesn't hold at ~$.70 then the idea is invalidated.
Comment
Adding more at $.702 if it gets hit
Comment
Ended up taking a small gain and exiting the position. I don't like the way the crypto market looks right now. Could see a rug pull.

Will wait another week or two to reenter positions.
Comment
If it does fall from here, I'm looking at $.44 as a buy area.
Comment
Alright looks bullish again $.68 was support.
stacksSTXstxusdSupport and ResistanceTrend AnalysisWedge
benjihyam

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.