Here is the technical analysis based on the provided chart:
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$STX USDT SHORT TRADE SIGNAL š“
BEARISH REVERSAL AFTER PEAK ā SHORT PRESSURE INCREASING!
After reaching a local high of $0.738, $STXUSDT faced strong rejection, leading to a sharp drop back to $0.680. The price has broken below the short-term moving average and is now trending downward with increasing red volume bars. RSI at 29.82 shows it's entering oversold territory, but bearish momentum remains dominant.
š» Trade Setup ā Short Trade Signal š»
Entry Point: $0.680 ā $0.685
Stop Loss: $0.706
Take Profit:
ā TP1: $0.668
ā TP2: $0.657
ā TP3: $0.642
Margin: 2-3% of wallet
Leverage: 10x
š Market Outlook:
Momentum has shifted clearly to the downside. The MACD has crossed bearish, RSI is in a downtrend, and volume confirms selling pressure. Expect continued downside unless strong support rebounds emerge near $0.657.
#CryptoTrading #STXUSDT #ShortSignal #BearishReversa l #BinanceAnalysis šØ
buy and trade here on $STX
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