$STX UPDATE

Back in the range ❌️

After a strong rally to $2.50, the price has now retraced back to the $2.00 zone.

Moreover, yesterday's daily candle did not look good at all, showing a bearish engulfing pattern.

That could be a sign of a further retracement, as we lost the key level of $2.28.

Why?

Just look at how the price reacted to that level.. it was a strong level! Holding that was key to keep the going higher.

I am expecting now some FVG to be filled around $2.20 first before dropping back towards the support zone of $1.90.

I will stay on the sidelines until I have proper confirmations, even from the big brother, $BTC

#stacks #altcoins #TopCoinsJune2024 #binance