STX current trend: Waiting for a breakthrough, where is the opportunity?
How to grasp the key points in the tug-of-war between long and short parties?
Seize the core trading opportunities and operate accurately!
Market analysis
STX's current price is in a low sideways consolidation stage, market volatility has weakened, trading volume has gradually shrunk, and short-selling momentum has slowed down. Bulls are looking for a point of force, and there may be a direction choice in the short term.
Key support and resistance levels
• Support levels: $1.55, $1.48, $1.40
• Resistance levels: $1.62, $1.70, $1.78
Short-term trading strategies
1. Long plan
• Opening position: $1.56
• Adding position: $1.50
• Stop loss: $1.45
• Take profit target: $1.62, $1.68, $1.75
2. Short plan
• Opening position: $1.62
• Adding position: $1.68
• Stop loss: $1.80
• Profit target: $1.55, $1.50, $1.42
My prediction
From the current performance, STX is expected to rebound in the short term. It is recommended to give priority to long orders and pay attention to the intervention opportunities near the support level.
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