$STX Short-term Structure Analysis | MA7 Pressure is Obvious, Beware of Pullbacks
STX is currently slightly down about -0.37%, with the price being restricted by the strong resistance at MA(7) 0.2430. Multiple attempts to break above have been unsuccessful, and it can be seen that momentum is gradually weakening, with clear rejection signals appearing above, indicating insufficient strength from short-term bulls.
In this structure, the price is more likely to test the support area below, with short-term pullback potential, leaning towards a counter-trend light-position layout.
The trading plan is as follows:
📉 Entry Range
0.2425 – 0.2445
🎯 Target Levels
TP1: 0.2390
TP2: 0.2370
TP3: 0.2350
🛑 Stop Loss Level
0.2460
⚠️ Risk Management
This is a counter-trend trade, it is recommended to use only 1%–1.5% position risk. When the price reaches TP1, the stop loss can be moved to the entry price to lock in profits and reduce drawdown risk.
Overall Idea: Moving Average Pressure + Momentum Decay → Waiting for Pullback Confirmation, focusing on discipline rather than aggressive operations.
$PIPPIN
