#STX/USDT analysis-
The price has formed an ascending channel pattern by making higher highs and higher lows. If it breaks down, then it has the potential to go down further.
T.F.- 1-D
ENTRY- as soon as it gives breakdown
SL- above the lower high i.e. around 3.5350
TARGET- 2.0240
Note: If the stop-loss is triggered before entry, disregard the trade as the price action may develop differently.
The price has formed an ascending channel pattern by making higher highs and higher lows. If it breaks down, then it has the potential to go down further.
T.F.- 1-D
ENTRY- as soon as it gives breakdown
SL- above the lower high i.e. around 3.5350
TARGET- 2.0240
Note: If the stop-loss is triggered before entry, disregard the trade as the price action may develop differently.