$STX Hits Resistance Wall Is the Climb Losing Steam❓❓❓

$STX surged to a high of $0.655 but quickly faced strong rejection, forming two consecutive red candles on the 1H chart. The price now sits at $0.632, with momentum shifting as bulls appear to take profits and sellers step in.

Short Trade Setup

Entry Zone: $0.632 – $0.635

Take Profit 1: $0.622

Take Profit 2: $0.614

Take Profit 3: $0.606

Stop-Loss: $0.656

Bearish pressure is increasing near the top. Unless $STX reclaims $0.650 with volume, a retracement looks likely in the short term.