It sounds like you're analyzing a potential breakout for $STX , where a strategic long liquidation was executed at $1.64452, potentially benefiting from a bullish market shift. Here's a summary of your analysis:
Entry Point: The position was entered at $1.64452, suggesting a strong belief in upward momentum as $STX pushes toward a target of $1.80, where resistance could create a rally.
Risk Management: A stop-loss at $1.58 is in place to limit downside risk, protecting the position from potential market reversals and ensuring minimal exposure.
Outlook: With $STX positioned at a key price point, you're anticipating significant movement towards higher levels.
The breakout is expected to ignite momentum, and the next move could be explosive.
The strategy hinges on the successful breach of resistance around $1.80 and managing risk with the stop-loss at $1.58.
Watching how STX reacts to market conditions will be crucial for confirming if the breakout and bullish surge unfold as expected.