STX/USDT It shows a strong bounce and Bullish momentum for STX!

πŸ’Ž Paradisers, #STX is indeed a coin worth closely monitoring.

πŸ’Ž With a strong bounce from the support area accompanied by a significant green candle, STX is showing signs of bullish momentum, supported further by a MACD golden cross and bullish divergence.

πŸ’Ž The next step for STX is to break above the resistance trendline to sustain its upward movement and potentially test our target strong resistance area.

πŸ’Ž However, if STX fails to break above the resistance, there's a possibility of it retracing back to test the support around $2.06. STX must bounce from this level to maintain its bullish trajectory.

πŸ’Ž Failure to bounce and hold above this support could lead to a breakdown, signaling a bearish turn. In such a scenario, the next level to watch would be the demand area around $1.74.

πŸ’Ž Should STX reach the demand area, it needs to bounce and reclaim a position above the $2.06 support to resume its upward movement. However, if STX fails to bounce and breaks below the demand area, it could confirm a continuation of the downward trend, indicating further potential losses.

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