$STX
✅ Current Status: Cautious Monitoring with a Buying Bias
🔍 Quick Technical Analysis:
✅ Positive Indicators:
Price above EMA99, EMA25, and EMA7 = Uptrend.
RSI at 66 = Approaching Overbought Area, but still Positive.
Stoch RSI at 63 = Strong Upward Momentum but has started to decline.
Candles are bullish after bouncing from 0.522 = Strong support confirmed.
MACD bullish = Good technical support to continue the trend.
⚠️ Negative Indicators:
A clear loss of momentum has begun in Stoch and KDJ indicators.
Strong rejection candle at 0.738 = Important resistance, and it has bounced from it.
The price is currently facing resistance at the middle of the Bollinger Band.
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📌 Summary:
Action Recommendation
✅ Buy If the price breaks 0.738 firmly
❌ Sell Only if the price drops below 0.662
👁️🗨️ Monitoring Currently suitable for monitoring or partial buying
🔼 Uptrend Possible to 0.77 then 0.82 if 0.738 is broken
🔽 Downtrend If 0.662 is broken, downside target 0.619 - 0.591
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🔮 Short-term Forecast:
Closest Scenario: Accumulation or slight correction then new rise if support holds.
Do not enter fully now, it’s better to wait for a confirmation candle breaking 0.738 or a strong bounce from 0.662.
