$STX
🚨 QUICK ANALYSIS FOR 'STXUSDT' FUTURES 🚨
⌛ [15m & 4h Timeframe] ⌛
📈 Trend Direction (Futures): Bearish (multi-timeframe alignment confirms descending channel with lower-lows/lower-highs; SuperTrend indicator negative on both frames)
💰 Entry Price: 0.6550-0.6555 (confluence of 200-period MA, EMA(5/20) death cross, and upper Bollinger Band rejection)
🎯 Targets: (Adjusted for 3:1 Risk-Reward):
🌟 TP1 ➤ 0.6430 (first swing low support zone + 38.2% Fibonacci retracement)
🌟 TP2 ➤ 0.6310 (mid-channel resistance break + 50% Fibonacci level)
🌟 TP3 ➤ 0.6190 (key prior support-turned-resistance + 127% Fibonacci extension)
🛑 Stop Loss🫸: 0.6595 (placed above recent swing high at 0.6590; 0.0045 risk from entry = ~1.2% drawdown at X10 leverage)
📢 LEVERAGE X5-X10 🔥 (recommended X8 for optimal risk management)
🪩 Order Book: 66.32% bid dominance (short-term imbalance favoring buyers; watch for potential bounce off 0.6550 liquidity wall)
✨ Fibonacci Levels:
☄️ 0.6550 (38.2% retracement acting as dynamic resistance)
☄️ 0.6500 (50% zone confirming bearish momentum)
☄️ 0.6450 (127% extension aligning with TP3 target)
☄️ Confluence at 0.6550 (EMA cross, BB band, and order block)
💧 Liquidity: Heaviest clusters near 0.6550 (current price zone) and 0.6500 (historical support)
🗞️ News Sentiment: Regulatory scrutiny intensifies across crypto markets; STX faces increased selling pressure amid fears of compliance crackdowns (bearish).
📝 NOTE: Price rejected critical 0.660 with elevated volume, confirming bearish trend continuation. Short entry validated by structure (descending triangle breakdown) and indicator alignment (RSI oversold, CCI deep negative).
