The squeeze is real, but can it break the curse of the yearly chart?
$STX /USDT — Short Squeeze Meets Macro Reality ⚔️
Up +16% and breaking above the EMAs. This is a powerful squeeze in a hated coin. But the ghost of -71% yearly performance looms large. This is a battle between explosive momentum and brutal macro reality. The next few candles decide the winner.
🟢 LONG SETUP (Momentum Breakout)
📌 Entry Zone:
0.3080 – 0.3110
🎯 Targets:
🥇 TP1: 0.3188 (24h High)
🥈 TP2: 0.3300
🥉 TP3: 0.3400
🛑 Stop-Loss:
0.3040 (Below the breakout level and EMA support)
Why This Could Work (trader logic only)
✅ Momentum Breakout: Price is breaking a local downtrend and holding above key EMAs, showing buyer strength.
✅ Short Squeeze Fuel: In a heavily shorted asset, initial breaks can trigger cascading buy pressure.
✅ Sentiment Shift: A sustained move here could mark a significant psychological shift for a beaten-down coin.
⚠️ Important Rule:
This is a HIGH-VOLATILITY momentum trade. Only enter on a confirmed hold above 0.3100 with strong volume. A break back below 0.3040 means the breakout has failed and likely traps longs. This is a scalp, not an investment.
**🎯 Why LONG?**
- The price action shows a clear breakout above the EMA(20) and EMA(50) with strong buying volume, indicating a potential shift in short-term momentum.
- In the context of a likely short squeeze, the initial breakout can be explosive as trapped positions are forced to cover.
- The trade plans to capitalize on this momentum before the heavier macro downtrend potentially reasserts itself.