【$STX Signal】1H pullback confirmation, sniper EMA20 support rebound

$STX The 1H timeframe is currently pulling back to test the EMA20 (0.2753) key support, while the 4H timeframe has stabilized above the EMA20 (0.2696) and broken through the short-term downtrend line, forming multi-timeframe resonance support. The current price is consolidating around 0.2756, with buy depth (0.274-0.275) significantly thicker than sell orders (0.2758-0.276), and an order imbalance of 16.46% indicating strong support below. Open interest remains stable, with a slight price increase, not a bearish squeeze but a healthy correction.

🎯Direction: Long (Long)

🎯Entry/Order: 0.2748 - 0.2755 (Reason: 1H EMA20 support zone & dense buy orders)

🛑Stop loss: 0.2732 (Reason: Break below previous 1H candle low & ATR(0.006) below)

🚀Target 1: 0.2795 (Reason: Previous 4H high resistance)

🚀Target 2: 0.2830 (Reason: 1.618 Fibonacci extension & previous chip zone)

🛡️Trade management:

- Position suggestion: Light position (Reason: 1H timeframe correction game, need to confirm support validity)

- Execution strategy: After the price reaches 0.2795 (Target 1), reduce position by 50% and move stop loss up to entry price 0.2755. The remaining position aims for Target 2; if the price falls back below 0.2755, exit unconditionally.

Depth logic: 1H RSI (53.5) is in a healthy correction zone, not overbought. 4H RSI (59.06) shows upward momentum still ongoing. Key point is whether the 1H candle can close above 0.2750 to confirm support. Funding rate at 0.01% is normal, no liquidation risk, indicating a technical long opportunity. Below, there are 218,000 buy orders stacked at 0.2741, serving as a strong support line.

Trade here 👇 $STX

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