After a sharp decline, is STX brewing a rebound, and is there a buying opportunity?

Market Analysis:

STX has shown a rapid downward trend in recent days, with market sentiment leaning bearish. However, as the price approaches important support zones, bottom-fishing funds may gradually become active, and there may be a possibility of a corrective rebound in the short term.

Support and Resistance Levels:

• Support Levels: 1.90, 1.85, 1.80

• Resistance Levels: 2.05, 2.15, 2.25

Short-term Trading Strategy:

Long Strategy:

• Entry Level: 1.90

• Add Position Level: 1.85

• Stop Loss Level: 1.79

• Take Profit Targets: 2.05, 2.15, 2.25

Short Strategy:

• Entry Level: 2.05

• Add Position Level: 2.15

• Stop Loss Level: 2.26

• Take Profit Targets: 1.90, 1.85, 1.80

$STX

My Prediction:

Bullish. Although there is still bearish pressure in the market, STX is approaching a strong support zone, and there is significant potential for a short-term rebound. This is a good time to position for a rebound.

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