Direction
Long
Published
October 18, 2024
Status
Token
STX
Trigger
Chart PatternSupport/Resistance
Type
Trade Strategy
Updated
About + Tokenomics
CoinMarketCap Rank | 32 |
Market Cap | 2.8B |
Volume 24h | 97M |
Total Supply | 1.5B |
Circulating Supply | 1.5B |
Chain | Stacks |
Chart Analysis
STX has formed a beautiful U-shaped bottom. The token found its bottom in August initiated a trend reversal right after. Since then, STX has been printing higher highs and higher lows. The next resistance sits at $2. If STX break through this level, we should see a strong continuation of the trend.
Technical Indicators
- MACD: Bullish 🟢
- RSI: Neutral 🟢
- VMA: Neutral 🔵
- Triple EMA: Price trades between EMAs 🔵
- ADX: 14, indicating no trend 🔴
Chart
Trade Setup
- Entry: For a safe entry we should wait for the price to break through the resistance at $2 and confirm it on the daily chart.
- Target 1: $2.40 (~18%)
- Target 2: $3 (~48%)
- Target 3: $3.70 (~80%)
- Stop Loss: Slightly below $1.90