$STX – Momentum Climbing! Next Breakout Brewing?
Current Price: $0.910 (+20.69% in 24h)
STX just posted an impressive move from $0.83 to a local high of $0.925, backed by steady bullish candles and strong price action above all key moving averages. Buyers are clearly in control, and consolidation above MA(7) and MA(25) hints that the next leg up might be near.
Technical Analysis:
MA(7): $0.902 – acting as immediate dynamic support
MA(25): $0.894 – steady upward slope, confirming bullish structure
MA(99): $0.835 – longer-term uptrend intact
RSI(6): 65.16 – momentum building but not yet overbought
Volume: Healthy, with spikes during upward moves and calm during pullbacks (bullish sign)
The chart structure shows higher highs and higher lows, a classic uptrend pattern. Price found support at the 25 EMA multiple times—bulls are buying dips.
Trade Plan (LONG Setup):
Entry Zone: $0.900 – $0.915
TP1: $0.935 (
TP2: $0.975
Stop Loss: Below $0.885
Market Insight:
STX is showing textbook trend continuation behavior. As long as it holds above the MA(25) with volume support, this setup remains bullish. Watch for a strong move if it breaks above $0.925 with conviction. Ideal for trend-following entries or breakout traders.