$STX SHOWS A CLEAR LOWER HIGH FORMATION AFTER REJECTING MAJOR SUPPLY 📉
Entry: 0.1735 - 0.1795 🔥
Target: 0.158, 0.148, 0.135 🚀
Stop Loss: 0.186 ⚠️
The price action on $STX is struggling to reclaim key levels, and this recent rejection at the supply zone confirms the bearish bias. We are seeing a distinct lower high formation, which suggests the sellers are firmly in control of the current trend.
With the stop loss positioned just above the recent high, the risk management on this setup is well defined. I am watching to see if the momentum continues to favor the downside as we approach the first liquidity pool.
Will $STX extend lower after this rejection at major supply?
Not financial advice. Always manage your risk.
#STX #ShortSetup #Crypto #TechnicalAnalysis #Bearish
🎯
Entry: 0.1735 - 0.1795 🔥
Target: 0.158, 0.148, 0.135 🚀
Stop Loss: 0.186 ⚠️
The price action on $STX is struggling to reclaim key levels, and this recent rejection at the supply zone confirms the bearish bias. We are seeing a distinct lower high formation, which suggests the sellers are firmly in control of the current trend.
With the stop loss positioned just above the recent high, the risk management on this setup is well defined. I am watching to see if the momentum continues to favor the downside as we approach the first liquidity pool.
Will $STX extend lower after this rejection at major supply?
Not financial advice. Always manage your risk.
#STX #ShortSetup #Crypto #TechnicalAnalysis #Bearish
🎯