STX Low Point Hovering, Is a Rebound Imminent or Will It Continue to Dive?
Key Levels Exposed, Intense Game of Support and Resistance
Detailed Short-term Strategy, Opportunities Not to Be Missed!
Market Analysis
The STX price has recently maintained low-level fluctuations. Although bearish momentum has not completely dissipated, the bulls are attempting to build support at the low point. At this stage, it is essential to pay attention to changes in market trading volume and whether key support levels can be effectively defended, as this may become the starting point for a short-term rebound.
Support and Resistance
• Support Levels: $1.55, $1.50, $1.45
• Resistance Levels: $1.65, $1.70, $1.75
Short-term Trading Strategy
1. Long Position Plan
• Entry: $1.55
• Add Position: $1.50
• Stop Loss: Below $1.45
• Take Profit: $1.65, $1.70, $1.75
2. Short Position Plan
• Entry: $1.65
• Add Position: $1.70
• Stop Loss: Above $1.76
• Take Profit: $1.55, $1.50, $1.45
My Prediction
I lean towards a short-term bullish outlook. If the price stabilizes at the $1.55 support, the bulls are expected to initiate a slight rebound, targeting $1.65.
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