STX ANALYSIS (2D)

5 mar

The STX pair has reached a demand zone.

A price movement fractal seems to be repeating (highlighted by the orange and white boxes).

In the orange boxes, every time STX has dropped more than 72%, it has made a rebound move to the upside.

We are looking for buy/long positions around the demand zone.

The targets for STX are $0.93 - $1.10 - $1.30.

A daily candle close below the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

13 mag

Trade chiuso: obiettivo raggiunto

Eventually, after hitting the green zone, it pumped all the way to the red zone (over 63%) and completed the move shown by the white box.