Chartist: Kyle

(For the chart screenshot, click here.)

With BTC gaining strength, STX presents a solid opportunity for us to ride BTC’s momentum. Currently coiling off of the 200-day and 21-day EMAs, STX could expand towards $2.6. In the event of mild market weakness, we’re looking for a retest of the $1.78 zone for an entry. Alternatively, we’ll consider DCAing into an entry from here and managing risk accordingly.

BTC’s movements play a critical role in STX’s performance.

• Entry Zone: $1.78 to $1.89

• Take Profit Targets:

  • TP1: $2.5

  • TP2: $3.5

• Stop Loss: Daily close below $1.50

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Disclaimer: All opinions expressed by the publisher, writers, and chartists should not be construed as financial advice and do not necessarily reflect the views of Crypto Banter or The Whale Room. The publisher, writers, and chartists may hold positions in the tokens and assets discussed. Readers are encouraged to do their own research.