【$STX Signal】Bull and bear are at a standstill, waiting for the 1H level to choose a direction

$STX The 1H level is oscillating narrowly above the EMA20 (0.2618), with prices compressed within a tiny range of 0.2600-0.2640. Trading volume is extremely shrinking, indicating a typical pre-breakout night. The 4H level remains in a weak rebound within a downtrend channel, but the buildup structure on the 1H level warrants close attention from short-term traders.

🎯 Direction: Watch and wait (Place orders)

⚡ Order strategy:

- Breakout long: If the price stabilizes above 0.2640, go long.

- Pullback long: If the price retraces to the 0.2600-0.2590 area, go long.

🎯 Entry/Order placement:

1. Breakout order: 0.2645 (Reason: Breaks recent high on 1H level and upper boundary of consolidation zone)

2. Pullback order: 0.2595 (Reason: Retraces to 1H EMA20 and 4H candlestick support at 0.2598)

🛑 Stop loss:

1. Breakout order: 0.2615 (Reason: Breaks below breakout start point and 1H EMA20)

2. Pullback order: 0.2575 (Reason: Breaks below previous low 0.2585 and ATR lower band)

🚀 Target 1: 0.2680 (Reason: Previous minor high on 4H level and resistance near EMA50)

🚀 Target 2: 0.2720 (Reason: 1.618 Fibonacci extension level)

🛡 Trade management:

- Position suggestion: Light position (Reason: The trend is unclear, wait for confirmation signals, and attempt trades with minimal risk)

- Execution strategy: Upon triggering entry, reduce position by 50% after reaching Target 1, and move stop loss to entry price. The remaining position aims for Target 2.

Deep logic: The current market is extremely calm, with a sharp drop in 1H trading volume, and buy-sell depth imbalance at 22.79%, with slightly more selling pressure. Open interest remains stable, with no signs of major players fleeing. The 1H RSI (53.43) is neutral, with room for upward divergence. The key is that the price must break free from the dense sell pressure zone at 0.2630-0.2640 (see order book data). Once volume breaks through, it will trigger short covering. The area below 0.2600-0.2590 is a convergence zone of multiple supports, an ideal defensive counterattack position.

View real-time market 👇 $STX

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