#STX
๐ #STX/USDT โ Strong Uptrend Forming!
Trade Analysis by: Badr
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๐ Current Situation:
STX token is showing a clear upward trend after a strong bounce from the support area of $0.716. The price is now heading towards its recent highs, indicating the possibility of a new breakout ๐ผ.
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๐ฏ Entry Areas and Risk Management:
๐ฅ Entry Area: From $0.753 to $0.758
๐ Stop Loss: Below $0.739
๐ฏ Potential Profit Targets:
TP1: $0.766
TP2: $0.774
TP3: $0.786
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๐ Technical Analysis:
๐น Strong bounce from the low of $0.716
๐น Price action forming higher highs on the 1H chart
๐น Staying above $0.753 confirms continued upward strength
๐น Significant increase in trading volume boosts confidence in the upcoming breakout
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โ Summary โ Badr's Technical Outlook:
> Buy trade between $0.753 โ $0.758 with upward targets reaching $0.786 if the momentum continues. As long as the price maintains stability above $0.753, control remains in the hands of buyers (bulls). A stop loss below $0.739 smartly manages the risk.
๐น This trade offers an excellent opportunity with an attractive risk-to-reward ratio in a rising trend.
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๐ Pair: STX/USDT
๐ Type: Perpetual Futures
๐ Overall Trend: Bullish
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๐ผ Ready to ride the breakout wave?
Be smart in your trades and monitor the momentum closely!
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