Technical Analysis of $STX

/USDT

Current Price: $2.44 (+10.14% in 24 hours)

Trend: Bullish (strong upward movement in the last 24 hours)

Support Levels: $2.165, $2.177, $2.191

Resistance Levels: $2.462, $2.476

Relative Strength Index (RSI): Likely nearing overbought territory, indicating a possible pullback soon.

Trade Signal & Target Levels:

1. Target 1: $2.50 (Initial resistance level)

Action: Buy if the price holds above $2.44, with potential to test $2.50.

2. Target 2: $2.60 (Next key resistance zone)

Action: If momentum continues, consider holding or scaling in for higher profits.

3. Target 3: $2.75 (Extended target)

Action: Look for breakout confirmation or signs of continuation above $2.60.

Trade Momentum:

Momentum: Strong bullish momentum after the 10.14% increase, supported by higher trading volume.

Short-Term Bias: Favoring long positions as the price is trending upward, but monitor for overbought signals (RSI) for potential short-term pullbacks or corrections.

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