๐ $STX โ UPDATE: THE STRUCTURE IS STILL POINTING UP
Yesterday I told you that $STX was forming a channel after the strong rise it had.
And today the structure starts showing us something even more interesting. ๐
This kind of sideways movement after a strong impulse can be a way to accumulate liquidity before looking for the next move.
But now we have another signal:
๐ STX begins to form an uptrend line in the short term.
And if we look at a higher timeframe, we find something I like even more:
๐ฏ The main liquidity is located at the top part of the structure.
When we combine:
๐ A channel after a strong impulse.
๐ An uptrend in the short term.
๐ Liquidity concentrated at the upper part.
๐ A structure that hasnโt lost strength yet.
My scenario remains the same:
STX has a higher probability of trying to reach the upper zones. ๐
That said, I donโt want to chase the price.
I want to take an entry in my zone and let the move develop.
๐ Do you think $STX will break the top of the channel to go after that liquidity, or will we see a first sweep from below?
#STX #crypto #altcoins #trading #BinanceSquare
Yesterday I told you that $STX was forming a channel after the strong rise it had.
And today the structure starts showing us something even more interesting. ๐
This kind of sideways movement after a strong impulse can be a way to accumulate liquidity before looking for the next move.
But now we have another signal:
๐ STX begins to form an uptrend line in the short term.
And if we look at a higher timeframe, we find something I like even more:
๐ฏ The main liquidity is located at the top part of the structure.
When we combine:
๐ A channel after a strong impulse.
๐ An uptrend in the short term.
๐ Liquidity concentrated at the upper part.
๐ A structure that hasnโt lost strength yet.
My scenario remains the same:
STX has a higher probability of trying to reach the upper zones. ๐
That said, I donโt want to chase the price.
I want to take an entry in my zone and let the move develop.
๐ Do you think $STX will break the top of the channel to go after that liquidity, or will we see a first sweep from below?
#STX #crypto #altcoins #trading #BinanceSquare