$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
