🚨Trading Strategy 🚨
✅Entry Points:
Consider entering a long position if the price breaks above the recent resistance level of 1.8938 USDT with strong volume.
Alternatively, enter a long position if the price bounces off the support level around 1.7606 USDT, showing signs of reversal with strong volume and bullish candlesticks.
✅Exit Points:
Set a take-profit level near the next resistance level, which could be around 2.0087 USDT (recent high).
Set a stop-loss slightly below the support level (1.7606 USDT) to manage risk.
Additional Considerations:
Monitor the MACD for any potential crossovers or divergences that might indicate a change in momentum.
Watch the RSI to ensure it stays within a reasonable range. If it moves into the overbought (>70) or oversold (<30) regions, be cautious of potential reversals.
Stay updated with market news or events that might affect STX/USDT prices.
✅Conclusion:The indicators suggest a cautious bullish sentiment with potential entry opportunities if certain price levels are breached or tested with confirmation. Always use proper risk management techniques and stay informed about market conditions.