TheSignalyst

STX - Wait For The Trigger!

Long
BINANCE:STXUSD   Stacks
Hello everyone, if you like the idea, do not forget to support with a like and follow.

STX is sitting around strong demand and round number 1.0 so we will be looking for buy setups.

on H1: STX formed a valid ascending triangle in red but it is not ready to go yet. (projection in purple)

Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?

Trigger => Waiting for a momentum candle close above the upper red trendline (1.250) to buy.

Meanwhile, until the buy is activated, STX would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL
www.RichTL.com

My Telegram Channel
www.t.me/thesignalyst

Support Bright Ideas Through Decentralised Crowdfunding
ideaology.io

Buy CRGPT on Uniswap
cutt.ly/CRGPT
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.