Yello Paradisers, what if I told you that the next big move on STX could decide whether traders print money or get wiped out in days? The chart is painting a dangerous setup, and ignoring it could be costly.
💎#STXUSDT has been stuck in a clear descending channel, repeatedly rejecting from its resistance line and finding temporary relief at its support. Now, price is testing a major demand zone between $0.55–$0.58, a level that could either spark a strong reversal or lead to brutal breakdowns if demand fails.
💎If buyers defend this level with momentum, the probability of a bullish rebound increases significantly. A breakout above the descending resistance could fuel a rally toward the minor resistance at $0.80 and potentially extend all the way to the strong resistance near $0.95. This move would not just trap shorts but also create panic FOMO buying from latecomers.
💎But beware if demand collapses and the zone fails to hold, invalidation comes quickly. A break below $0.50 opens the door for another leg down, flushing weak hands out of the market and creating pain for anyone holding without a plan.
Consistency, risk management, and patience are the real weapons in this market.
MyCryptoParadise
iFeel the success🌴
💎#STXUSDT has been stuck in a clear descending channel, repeatedly rejecting from its resistance line and finding temporary relief at its support. Now, price is testing a major demand zone between $0.55–$0.58, a level that could either spark a strong reversal or lead to brutal breakdowns if demand fails.
💎If buyers defend this level with momentum, the probability of a bullish rebound increases significantly. A breakout above the descending resistance could fuel a rally toward the minor resistance at $0.80 and potentially extend all the way to the strong resistance near $0.95. This move would not just trap shorts but also create panic FOMO buying from latecomers.
💎But beware if demand collapses and the zone fails to hold, invalidation comes quickly. A break below $0.50 opens the door for another leg down, flushing weak hands out of the market and creating pain for anyone holding without a plan.
Consistency, risk management, and patience are the real weapons in this market.
MyCryptoParadise
iFeel the success🌴
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🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.