STXUSD
is looking pretty bullish. As you can see on the chart, price has been consolidating in a falling wedge, and it looks like it's about to break out. It could either go up here, or it could retest the $.75 region before heading higher. Either way, price looks like it wants higher.
I entered a position at $.7375. My bias leans towards the $.99 - $1.10 region as the short term top, then I could see price retesting this structure before heading much higher.
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Still in this, don't think it's time for lower yet. Good entry here most likely. If this region doesn't hold at ~$.70 then the idea is invalidated.
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Adding more at $.702 if it gets hit
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Ended up taking a small gain and exiting the position. I don't like the way the crypto market looks right now. Could see a rug pull.
Will wait another week or two to reenter positions.
Will wait another week or two to reenter positions.
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If it does fall from here, I'm looking at $.44 as a buy area.
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Alright looks bullish again $.68 was support.