STX D falling wedge , starting to look interesting for a bounceSTX weak but a D falling wedge and gonna start a little feeler . catching the H HL,
STXUSDT trade ideas
Multi timeframes for both of positionsMonth Chart
Easily to see STX, the layer 2 of Bitcoin Blockchain which has been downing to test the ATH of 2021 around $3
Week Chart
I found the Fair Value Gap around $2.1 and I expect BINANCE:STXUSDT can hit this range before turn back to bullish trend.
Day Chart
Double Top happened and now STX is pullback to lower
Can trade at lower timeframes
STXUSDT Trade SetupThis coin is trying it level best to breakout on shorter Time Frame, if that resistance market as daily res is broken, it should fly higher than expectation.
Confluences:
1. Daily/Weekly Falling Wedge Breakout.
2. Lying on daily demand zone.
Thanks me later. Do not miss this before bull run starts.
Stacks (STXUSD): Balanced Strategy for a Solid UpsideFor Stacks (STXUSD), we see a Fair-Value Gap (FVG) on the weekly chart, along with similar gaps on the three-day and daily charts, plus a demand zone below. Our plan is to use these weekly FVGs and the demand zone for Dollar-Cost Averaging (DCA) entry points if the price drops to those levels. We see $1.31 as the maximum downside. On the upside, we aim to reclaim the recent high, with resistance around the three-day gap at $2.64. We're pretty confident that with a well-placed stop-loss, this setup offers a solid chance to build a long swing position.
This strategy provides a balanced risk-reward scenario, allowing us to take advantage of potential upward movements while effectively managing the risks.
Looking at the annual VWAP for STX, it's crucial because this year's VAL (Volume-Weighted Average Price Low) could act as support, which aligns with our planned entry in the orange zone. This point could be pivotal for holding and supporting STX's price action. On the upside, the annual VAH (Volume-Weighted Average Price High) will serve as resistance. If we flip this level, it could then become support, opening up significant upward potential. While the timing is uncertain, we're ready to see how the price action unfolds, barring any unexpected news.
On the quarterly chart, we see a clear picture. Our worst-case scenario is the 2024 Q1 VHL (Volume-Weighted Average Price Low) at $1.56, which is our downside limit. We expect this level to serve as resistance, and currently, we're struggling to surpass it. However, we're focusing on the 2024 Q1 VAL as our critical support, marking it as our worst-case scenario.
Overall, breaking through the 2024 Q1 VHL is challenging, but our strategy considers this level, ensuring we're prepared for potential downside movements while aiming for upward targets.
Lastly, the monthly chart for STX is more complex. We have the February VAL and January VAH below us, which have acted as support multiple times. If we lose these support levels, they might turn into resistance, possibly causing a reversal before or at the January VWAP. Our first resistance on the way up will be the April VAL of $2.42. There are several resistances to navigate, making it crucial to move carefully. Despite this, we expect a trend reversal soon, but the key question is whether the market will shake out a few more participants before turning upwards.
STX Analysis: Eyeing Bullish ReversalKey Levels:
Support Level:
1.92 USDT (marked on the chart)
1.56 USDT (next major support below)
Resistance Level:
2.15 USDT (immediate resistance marked on the chart)
2.38 USDT (secondary resistance above)
3.10 USDT (projected upper target)
Current Trend:
The price is currently in a downward channel, indicated by the trend lines converging downwards.
There has been a consistent lower high and lower low pattern, characteristic of a downtrend.
Technical Indicators:
Stochastic RSI:
The Stochastic RSI is currently around 53.10, which is in the neutral zone but close to being oversold. This could suggest a potential for a reversal if it moves further down into the oversold territory (below 20).
Volume:
The volume shows some green bars, indicating buying interest at lower levels, which could support a potential reversal or bounce from current levels.
Potential Scenarios:
Bullish Scenario:
First Target: The price may attempt to break the immediate resistance at 2.15 USDT.
Next Target: If it successfully breaks above 2.15 USDT, the next resistance level to watch is 2.38 USDT.
Upper Target: A significant bullish move could see the price reaching up to 3.10 USDT, as indicated on the chart.
Bearish Scenario:
Immediate Support: The price might retest the support level at 1.92 USDT.
Next Support: If the 1.92 USDT level fails to hold, the next support is at 1.56 USDT.
Trading Strategy:
Long Position : Consider entering a long position if the price shows a strong reversal signal from the support level at 1.92 USDT, with a stop loss just below the support.
Short Position : Consider shorting if the price breaks below 1.92 USDT, targeting the next support at 1.56 USDT, with a stop loss just above 1.92 USDT.
#STX/USDT is trying to break the Diagonal Trendline in 1-Hour TF#STX/USDT is trying to break the Diagonal Trendline in 1-Hour TF!
Wait for BO and retest to open a long position. The local resistance level is PML $2.057 and the support level is PDL $1.929.
STX - HighlightJust wanted to highlight STX as it is an asset that should experience additional growth this cycle with BTC.
Today, Grayscale announced it will be adding NEAR and STX. This shows a few outlying themes with institional interest in altcoins. One is building on top of BTC (STX) and one is related to AI scalability (NEAR).
Looking at the weekly chart for STX our RSI is trying to develop structure. We have an ascending support line (white trendline) with white arrows representing everytime momentum switched back to the upside. Right now we are at the same trendline.
STX is very heavily connected with BTC price movement. Therefore, once BTC closes a 3D above $71.5k we should see STX have a very nice rally begin.
Hourly support test, potential daily trend change to the upsideIm looking at an hourly scalp right now and will come back to a potential swing here on the daily. So long as we keep alt bull momentum market wide this will run nicely.
Hourly support test, potential daily trend change to the upsideIm looking at an hourly scalp right now and will come back to a potential swing here on the daily. So long as we keep alt bull momentum market wide this will run nicely.
STX, a buying opportunity at an attractive priceWe believe that adjustments at the weekly level have already ended.
We can strongly speculate on the possibility of a price increase because the price has only gone down in one direction without a sideways move.
STX | Good EntryIf you're interested in Stacks, now is a good time to open a new long position as it sits right on the MA-200. While it will face significant resistance on its potential upward journey, you can protect against downside risk by placing a stop just below the current level.
STXUSDT BINANCE:STXUSDT has done well over time and at the moment we are seeing it back at a key level @2.0600. If this level holds, we just might see some new highs. Until then, fingers crossed!!!
STX - both entrys filled ✅This surge needed to correct at some point either we are going down now or we are pushing up a bit before correcting either way we should be falling in the near future and we want to place two entrys here on STX. The first entry is on the 4H FVG and the second DCA entry on the edge of the demand down below. We are using the same hard stopp on both entrys and the same target, the 12H supply zone. This target is just the first very big resistance you can hold it longer or close it before that. As always please try to think by yourself when trading and adopt your trading style and risk management to it.
DCA on STXDCA on STACKS STX
We will have to be patient but I am convinced that in the long term it has potential.
STACK #stxThe Stx is showing a pattern of lower highs and lower lows, which serves as evidence of a bearish trend. Therefore, I have taken a short position.
STX/USDT It shows a strong bounce and Bullish momentum for STX!💎 Paradisers, #STX is indeed a coin worth closely monitoring.
💎 With a strong bounce from the support area accompanied by a significant green candle, STX is showing signs of bullish momentum, supported further by a MACD golden cross and bullish divergence.
💎 The next step for STX is to break above the resistance trendline to sustain its upward movement and potentially test our target strong resistance area.
💎 However, if STX fails to break above the resistance, there's a possibility of it retracing back to test the support around $2.06. STX must bounce from this level to maintain its bullish trajectory.
💎 Failure to bounce and hold above this support could lead to a breakdown, signaling a bearish turn. In such a scenario, the next level to watch would be the demand area around $1.74.
💎 Should STX reach the demand area, it needs to bounce and reclaim a position above the $2.06 support to resume its upward movement. However, if STX fails to bounce and breaks below the demand area, it could confirm a continuation of the downward trend, indicating further potential losses.
MyCryptoParadise
iFeel the success🌴
STXUSDTThe goal of the downward target is the green box
The goal of the downward target is the green box
STXUSDTSTXUSDT is almost near thier to best buy zone point. I would buy at this zone when it reach to to the support zone
STX Holders! FOLLOW ME~!Hello, guys!
This is ESS team.
We've got STXUSDT analysis.
If Candles are supported by the bottom GREEN uptrend line and make an upward move, We expect candle break through the RED long-term downtrend line.
After the break, It expect to make a parrallel channel with GREEN lines, and rise up.
📈Market Volatility:STX Potential Trading Opportunities⚡️🔍In today's ever-evolving crypto landscape, marked by its characteristic volatility, it's imperative to conduct a thorough examination of potential trading opportunities. Focusing our attention on STX, a project with substantial potential within the realm of Bitcoin's second-layer solutions, we embark on a detailed analysis aimed at identifying strategic entry points amidst market uncertainties and fluctuations.
🌐STX's price action, observed through the lens of historical performance, reveals a compelling narrative. Having demonstrated an impressive uptrend, the recent retracement from the $3.7084 peak has given rise to a consolidation phase. This consolidation, encapsulated within a range-bound pattern, underscores the current state of market indecision.
📊Employing technical indicators such as Fibonacci retracements, we discern critical levels within STX's price structure. The retracement to the $2.2197 support level, coinciding with the 0.5 Fibonacci level, serves as a pivotal juncture for potential bullish momentum to resume. Furthermore, the SMA25 indicator, acting as a dynamic resistance level, adds another layer of significance to our analysis, warranting close observation as price dynamics unfold.
💡In devising entry strategies, a judicious approach is paramount given the prevailing market conditions. While awaiting confirmation of a breakout above the golden zone presents an opportunity for traders seeking higher probability setups, alternative entry points exist at key resistance levels, notably $3.0863 and $3.7084. However, it's crucial to underscore the inherent risks associated with trading during periods of heightened volatility, necessitating stringent risk management protocols to mitigate potential losses.
📈Delving into volume analysis, the point of control (POC) within the fixed range profile emerges as a critical metric, offering insights into price involvement and market sentiment. As market participants await further clarity, a cautious sentiment prevails, urging traders to exercise prudence and patience in their trading decisions.
📉Zooming out to a broader perspective, STX's long-term trajectory warrants consideration. While short-term fluctuations may present trading opportunities, adopting adaptive strategies capable of navigating evolving market dynamics is essential for sustained success in the volatile cryptocurrency landscape.
In conclusion, as we navigate the intricacies of STX's market dynamics, a holistic approach encompassing technical analysis, risk management, and sentiment considerations is indispensable. By remaining vigilant, adaptable, and disciplined in our trading endeavors, we position ourselves optimally to capitalize on emerging opportunities while mitigating potential risks.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
📉📈 STX Trading Analysis 📊💹📊 Current Status:
STX is holding at a significant support level.
📉 Potential Downside:
Losing this level could lead to a revisit of $1.80.
$1.80 aligns with the previous range high, the 0.618 Fib, and the 200 Day Moving Average (MA), forming a potential bottom and reversal zone.
🎯 Take Profit Targets:
Take Profit 1: $2.50
Take Profit 2: $4.00
📣 Stay attentive to market dynamics and adjust strategies as needed! 🌐💱 #STX #TradingAnalysis #CryptoMarket 📊💡
