🚀 $STX /USDT Technical Analysis: Bullish Strength with Room to Grow!

$STX /USDT has posted impressive gains, currently trading at $2.476 (+9.90%). The price reached a high of $2.630 before consolidating, reflecting strong buyer interest with potential for another breakout. Let’s highlight the key levels and targets to watch for traders.

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📊 Technical Analysis

1. Resistance Levels (Targets):

Target 1: $2.55 – Immediate resistance zone; a breakout here confirms further bullish continuation.

Target 2: $2.63 – The recent 24h high; surpassing this level opens the door for extended gains.

Target 3: $2.75 – Extended target, aligning with the ongoing bullish trend momentum.

2. Support Levels:

Support 1: $2.45 – Key zone to watch for a bounce in case of a minor pullback.

Support 2: $2.35 – Deeper support that reinforces bullish sentiment if buyers re-enter.

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📈 Market Insights

24h High: $2.630 – Indicates strong upward momentum, testing resistance levels.

Volume: STX saw a 24h volume of 27.78M, reflecting increased market participation and buying strength.

Trend Analysis: Higher lows and a push toward resistance confirm that the bullish trend is intact.

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🎯 Trading Strategy

Entry Zone: $2.45 - $2.50

Targets: $2.55 / $2.63 / $2.75

Stop Loss: Below $2.35

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⚠️ Risk Management Tip

Watch for volume confirmation near $2.55 to ensure a clean breakout. If resistance holds, monitor pullbacks to the support zones for a potential re-entry.

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STX/USDT continues to show bullish momentum—trade wisely and ride the trend on Binance!

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