STX/USDT Ready to continue upward momentum ?? Stacks Analysis

💎 STX has undeniably caught our attention. Presently, STX has achieved a breakout from the ascending pattern, marking a valid phase for retesting.

💎 STX now stands poised for further upward progression, evidenced by the robust green candle's rebound from the retesting phase at the previous supply-now-demand zone. The forthcoming target for STX is the supply zone, with a specific focus on surpassing the previous high at $0.595. There is a substantial likelihood of this scenario materializing.

💎 Conversely, a pessimistic development would be STX trending downwards, particularly closing beneath the demand level at $0.52. Such a movement would signify a bearish turn, as STX would re-enter the ascending pattern, potentially breaking through the supportive base of the ascent and closing lower.

💎 This outcome would be detrimental for STX, possibly triggering a continued descent towards a robust support zone, thereby indicating a shift in trend to bearish territory.
Trade closed: target reached:
Boom! #ONG is doing just what we said. Up 21.78% and looking good!

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