Stacks emerges top gainer with 13% surge ๐๐ฝSTACKS was a great entry for us yesterday and a very promising one for the future.
1.17 mid of ascending channel
1.795 technical resistance
2.38 end of ascending channel
19$ potential for 2025/early 2026 (where i see end of next cycle)
Stacks is a blockchain protocol that leverages bitcoinโs security and state through the innovative proof-of-transfer (PoX) consensus mechanism. With this integration, Stacks seeks to enable smart contract capabilities on the bitcoin network and bolster scalability.
Per data from price-tracking platforms STX, its native token, has been the biggest gainer among the top 100 assets by market capitalization in the past 24 hours. With a13% surge, STX has outperformed bitcoin (BTC) over seven times within this timeframe.
Let's go STACKS!
The FXPROFESSOR
STXUSDT.PS trade ideas
STX possible next move.STX still in uptrend.
If STX break above its most recent high, we might see it go to the possible target or sell short zone.
If it gets rejected, there is still gaps below its current price. Go to lower TF for better entry if it touches the zones, and look for signs that the trend will continue or reverse.
STX already hit the most recent liquidity zone, we might see it touch the First buying zone or the extreme OB/Ideal buying zone.
Still DYOR, and TYOR ^-^! just giving you a possible next scenario in my perspective. Happy trading everyone, hope you will have a profitable year.
x2 - x4 chance with STXD1: stx main uptrend. During the downtrend starting from March 20 to June 10, the price moved down the channel with low volume and small amplitude.
The weis wave volume represents an ascending attempt by the sellers, but the price did not fall sharply when the price approached 0.5213. The candle on June 10 is a climax of selling and the candle on June 18 is a no supply -> selling pressure is exhausted.
On 20/06 there was a strong bullish candle + super high vol broke the downtrend structure -> the downtrend corrected and ended, stx returned to the uptrend.
setup: buy limit 0.6795, sl 0.435, tp1 1.3115, tp2 2.8
๐ Jingle all the way, oh what fun it is to ride the STX train๐๐Merry Xmas to all SEC and Powell bears:
๐reference:
๐Dashing through the snow
In a one-horse open sleigh
O'er the fields we go
Laughing all the way
Bells on bobtails ring
Making spirits bright
What fun it is to ride and sing
A sleighing song tonight, oh!๐
๐Jingle bells, jingle bells
Jingle all the way
Oh, what fun it is to ride
In a one-horse open sleigh, hey!๐
๐๐๐MERRY XMAS JEROME, MERRY XMAS SEC!๐๐๐ HAPPY NEW YEAR BEARS!!
The FXPROFESSOR ๐
OH I FORGOT: STX IS A TRAIN ๐๐๐๐๐๐๐๐
76% Profit?hello guys
i hope you all doing well
i think this setup will make a very good profit
but do you fundamental research before open any position
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STX SHORT RETESTstx is looking strong despite current market sentiment. we tested resistance at ..67 cent.we are now retesting the 200 although stoch rsi are overbought so a continued retest to the 50 and 20 running in confluence is my expectation
if taking the long i would put a stop loss at either 57cent or if you want more exposer 52 cent is the swing low i am expecting the bounce at 60 cent i would enter the long there and target .84 cent we need to break through ..68 first
STXUSDT Signals Potential Bullish Breakout with Falling Wedge ๐ STXUSDT pair has formed a falling wedge pattern on the 4-hour timeframe, indicating a potential bullish reversal.
๐ As the trading volume gradually decline. This signifies reduced selling pressure and accumulation by buyers. An increase in volume during the breakout can further confirm the bullish outlook.
๐ If the breakout occurs above the upper trendline of the falling wedge, it could lead to a potential upward price movement.
Disclaimer: This is Not Financial Advice โ๏ธ Trade at Your Own Risk โ ๏ธ
โด๏ธ Stacks, Bullish Chart SetupStacks has been in a correction since late March, even though we had a strong market shakeout yesterday it looks good today.
STXUSDT Bullish Signals
We have a higher low this month vs 10-March.
We have a falling wedge pattern.โจ
Bullish divergence with the RSI.
Volume breakout.
This chart looks like a great setup.
Low risk with a potential that can go beyond 80% in the short-term.
Wishing you a lovely Wednesday.
Namaste.
STACKS- Time to Un-stuck the Stacks ๐ฅ๐ฅ๐ฅVery volatile but that's not a bad thing (for me at least).
STACKS is very promising and i keep it in spot with patience.
CHART:
Between 0.52-0.63 lies great support.
TARGETS:
๐ฅ0.779 Interim resistance/target
๐ฅ1.07 Target 1
๐ฅ1.78 main resistance/Target for 2023
๐ฅ19$ is the potential i see for 2025-2027
One Love,
The FXPROFESSOR ๐