【$STX Signal】Long - 1H level pullback confirmation, clear signs of main force supporting the market
$STX The 1H level is supported above the EMA50 (0.2589), and the price is refusing to decline further. Although the 4H level is in a consolidation phase, the current price has rebounded more than 3% from the 4H low of 0.2517, and open interest (OI) remains stable, indicating that bears are not in control. The order book depth imbalance reaches 17.79%, with buy orders significantly stronger than sell orders, which is a typical signal of main force supporting the market.
🎯Direction: Long (Long)
⚡Entry/Order: 0.2595 - 0.2605
🛑Stop Loss: 0.2565
🚀Target 1: 0.2650
🚀Target 2: 0.2710
🛡️Trade Management: - Position suggestion: Light position - Execution strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss up to the entry price (0.2595). The remaining position aims for Target 2 with a trailing stop. If the price cannot hold above 0.2600, consider exiting early.
Depth logic: The 1H RSI (48.72) is in a neutral to slightly strong zone with room for upward correction. The key point is that, despite minor price fluctuations, OI remains stable and buy-side depth is far greater than sell-side, indicating funds are accumulating below. Combined with the 1H candlestick closing with a lower shadow at the key EMA support level, this is a typical pullback confirmation pattern, providing a low-risk entry point for short-term trading.
Check real-time market 👇 $STX
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【$STX Signal】Long - 1H level pullback confirmation, clear signs of main force supporting the market
$STX The 1H level is supported above the EMA50 (0.2589), and the price is refusing to decline further. Although the 4H level is in a consolidation phase, the current price has rebounded more than 3% from the 4H low of 0.2517, and open interest (OI) remains stable, indicating that bears are not in control. The order book depth imbalance reaches 17.79%, with buy orders significantly stronger than sell orders, which is a typical signal of main force supporting the market.
🎯Direction: Long (Long)
⚡Entry/Order: 0.2595 - 0.2605
🛑Stop Loss: 0.2565
🚀Target 1: 0.2650
🚀Target 2: 0.2710
🛡️Trade Management:
- Position suggestion: Light position
- Execution strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss up to the entry price (0.2595). The remaining position aims for Target 2 with a trailing stop. If the price cannot hold above 0.2600, consider exiting early.
Depth logic: The 1H RSI (48.72) is in a neutral to slightly strong zone with room for upward correction. The key point is that, despite minor price fluctuations, OI remains stable and buy-side depth is far greater than sell-side, indicating funds are accumulating below. Combined with the 1H candlestick closing with a lower shadow at the key EMA support level, this is a typical pullback confirmation pattern, providing a low-risk entry point for short-term trading.
Check real-time market 👇 $STX
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Follow me: Get more real-time analysis and insights on the crypto market!