$STX Lower High Trap Bears Preparing for Round Two...

$STX recently rejected from the 0.738 zone with a sharp reversal, forming a potential lower high structure on the 15m chart. This suggests weakness as bulls fail to reclaim control after a strong impulse up.

Short Trade Setup:

• Entry Zone: 0.681 – 0.683

• Take Profit 1 (TP1): 0.668

• Take Profit 2 (TP2): 0.654

• Take Profit 3 (TP3): 0.640

• Stop Loss: 0.692 (above recent local top)

Market Insight:

The 15m chart shows increasing sell-side volume with waning bullish momentum. If price fails to reclaim 0.690+, this setup favors short scalpers looking to ride the retracement leg.