STX (Stacks) – Bigger Picture: Uptrend/Bullish Continuation
3-Day Timeframe
Current Price: $1.00
STX has retraced over 70% from its all-time high of $3.80, indicating a deep correction phase that may now be reaching exhaustion.
If the price breaks out of this falling channel, which is often a bullish reversal signal. This breakout, if sustained, could set the stage for a move toward previous all-time highs and beyond.
🚀 Bullish Targets (TP):
$2.60 – Previous resistance level
$3.70 – Near the all-time high
$5.20 – Extended target on strong momentum
Invalidation Level:
The bullish thesis is invalidated if price falls below $0.80, signaling potential continuation of the downtrend.
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