$STX

/USDT: “Layer-1 Pullback — Potential Dead Cat or Bounce Setup?”📈💯

$STX has dropped to $0.666, sliding sharply from the 24h high of $0.758. Volume remains solid (17.80M STX, $12.11M USDT), suggesting active selling and possible bounce interest at key support.

🔍 Current Bias:

Short-term bearish with bounce potential if $0.640 holds. Price sits in retracement zone after an overextended sell-off.

🎯 Trade Setup (Bounce Play):

Entry Zone: $0.655 – $0.670 (watch for wicks + buy volume)

Target 1: $0.705 – first rebound resistance (Fib + local breakdown)

Target 2: $0.735 – prior breakdown level

Target 3: $0.758 – reclaim high (if bounce is strong)

🛑 Stop-Loss:

Below $0.638 — invalidation of bounce thesis and 24h low breach.

📊 Technical Levels:

Support: $0.640 (key) / $0.610 (major breakdown risk)

Resistance: $0.705 / $0.735 / $0.758

Recovery Signal: 1H candle close above $0.700 with rising volume

⚠️ Watch For:

Failure to bounce may lead to extended drop toward $0.610, a higher-timeframe support shelf.

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