STX – Sitting on Long-Term Support 👀

[theSignalyst]

$STX has slid back to a confluence area: the ascending trendline plus the $0.40–$0.60 support. This zone has acted as a floor multiple times since 2023.

As long as $0.40–$0.60 holds, buyers can aim for a rebound toward the $1.00–$1.10 pivot, then the $1.90–$2.00 resistance.
A clean weekly close above $2.00 would unlock the next resistance band around $2.85–$3.00.
If $0.40 fails, bears keep control and we could see further downside before fresh demand steps in.

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr.