Stacks STXBTC looks likely to pull back toward it's VWAP fair value as Bitcoin profit taking continues.
BINANCE:STXBTC
The daily candle for STXBTC has fallen below the short-term VWAP over-bought line and is bouncing off of the trendline as support. The trendline is also the same level as the long term VWAP over-bought line.
Look for the price of STXBTC to...
STX 4H support is now at $0.72
Enter 50% at the current price
and try to set some BUY orders near the support zone
If STX stays above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
Let's consider an excellent situation on the STXUSDT.
Based on the current wave structure, I plan the opening of a long position or the opening of a short position.
On the one hand, the current corrective in wave 4 may end up forming a WXY pattern; on the other hand, the current corrective pattern in wave 4 may end up forming a triangle pattern.
It is advisable...
