$STX is showing clear signs of weakening after being rejected at the nearest resistance zone. Selling pressure is increasing, while the buyers are no longer maintaining the same momentum as before. This opens up an opportunity for a short-term trade with a fairly clear structure.


Currently, a reasonable entry zone is between 0.256 – 0.260, where the price may experience a slight rebound before continuing to decline. If the scenario is correct, the price is likely to continue breaking down from the nearby support zone.
Potential take profit levels to consider:
• TP1: 0.248
• TP2: 0.240
• TP3: 0.228
To manage risk, set a stop loss at 0.272, in case the price reverses and breaks the current downtrend structure.
Overall, the short-term trend of $STX is leaning bearish. However, it is still necessary to monitor the price reaction at support zones to optimize exit points and protect profits.
STX3.81%
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