$STX

🚀 STX: Rebounded from Wedge, Now Testing Key Zones

🔍 Market & On‑Chain Context

Price: ~$0.65 (range: $0.56–$0.65)

Forecast: CoinCodex predicts ~10% upside to $0.70 by late July; sentiment remains bearish with Fear & Greed at 65 (Greed) .

Supply/Resistance Range: Trading between $0.62–$0.75, multiple indicators suggest downside pressure near 50/200 SMAs around $0.80–$1.06 .

Catalysts:

Alex Protocol exploit on June 6 caused a ~31% price drop; funds are being reimbursed and security is improving .

Stacks roadmap: Q2 upgrades, TVL tripling to ~$113 M, and new partnerships with BitGo, Bitfinex, etc. .

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📈 Trader Strategy Table

Scenario Entry Trigger Targets Stop-Loss

📈 Bullish Bounce Buy at $0.62–$0.63 support zone TP1: $0.70 → TP2: $0.75 → TP3: $0.85–$0.90 < $0.60

🚀 Breakout Close above $0.70 with 2× volume Same targets < $0.68

📉 Bearish Breakdown Breakdown below $0.62 on volume TP1: $0.58 → TP2: $0.52 → TP3: $0.48 > $0.65

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✅ Why This Works

Technical recovery: Broke out of a falling wedge—classic bullish reversal

Support range control: $0.62–$0.63 aligns with chart base and historical volume bands

Ecosystem momentum: Roadmap upgrades and TVL growth (~$113M) provide long-term support

Exploit impact fading: Alex Protocol hack aftermath is being resolved, reducing uncertainty

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⚡ Pro Trader Tips

1. Confirm entries with 2× volume for validity.

2. Scale out profits at each TP to protect gains.

3. Use tight stops just outside your entry zone to reduce risk.

4. Monitor on-chain updates—TVL movement, partnerships, and DeFi growth are key signals.

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