$STX
Looking at the STX/USDT chart on the 15-minute timeframe, here are some key observations:
1. Bollinger Bands:
The price recently touched the lower Bollinger Band (~$1.305) and is attempting to recover.
The middle band (MB) is at $1.330, which may act as resistance in the short term.
The upper band (UP) is at $1.356, indicating a potential upside target if the price gains momentum.
2. Support and Resistance:
Support: Around $1.305 (recent low).
Resistance: Around $1.330–$1.356 (middle and upper Bollinger Bands).
Previous peak was $1.386, which might act as a strong resistance if the price pushes up.
3. Market Structure:
The price experienced a drop after touching $1.386.
Currently, it is consolidating near $1.321, showing signs of a potential bounce.
My Prediction:
If STX breaks above $1.330 (middle Bollinger Band) with good volume, it can test $1.356–$1.386 again.
If it fails to break above $1.330, it may drop back to $1.305 or lower.
Conclusion: Slightly bullish but needs confirmation. Watch for a breakout above $1.330 for a long entry, or a breakdown below $1.305 for a short move.