【$STX Signal】Long | Key Support Accumulation, OI Stable and Building Up

$STX Completes healthy reset above EMA20 (0.2601), with deep buy orders significantly thicker than sell orders (imbalance 28.84%), indicating institutional support. 4H level buy orders are clearly absorbing, with the price consolidating above the key support zone (0.259-0.261), showing no signs of selling pressure. OI remains stable, funding rate slightly positive (0.01%), non-short squeeze structure, making this a high-quality retracement entry point for trend following.

🎯 Direction: Long

🎯 Entry: 0.2610 - 0.2625

🛑 Stop Loss: 0.2585 ( Breaks previous low and EMA20, with rigid stop loss )

🚀 Target 1: 0.2680 ( Previous high resistance )

🚀 Target 2: 0.2750 ( Fibonacci 0.618 retracement level )

Core Logic: The price precisely retests EMA20 and previous order block support (0.259-0.261), while the depth chart shows buy orders stacking (Bid/Ask Ratio: 1.81). This is a typical institutional accumulation zone. RSI (52.55) has corrected to neutral, ATR (0.0077) indicates moderate volatility, preparing for a breakout. Open interest (OI) remains stable rather than decreasing, ruling out a main force short-cover trap. Market logic suggests “price rising,” indicating a healthy retracement for main force entry rather than a short squeeze. Risk-reward ratio >2.0, mathematically advantageous.

Trade here 👇 $STX

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