$STX has been ranging for a while but recently swept liquidity below the 0.370 area and showed a strong reaction from that zone. Buyers stepped in aggressively, pushing price back above the mid-range, which signals that downside pressure is weakening.
Price is now holding above the 0.385–0.390 support zone and forming higher lows on the lower timeframe. This structure favors a short-term bullish scalp as long as price continues to hold above this support. The move is controlled, not overextended, which fits a clean scalp setup rather than a chase.
Sellers failed to hold price below the 0.370–0.375 demand area, showing clear exhaustion. As long as
$STX remains above this zone, upside continuation toward the range high is the higher-probability move. A clean breakdown below 0.370 would invalidate this setup, but until then, bulls have the edge.
Scalp Trade Plan
Long
Entry Zone: 0.392 – 0.385
TP1: 0.405
TP2: 0.415
Stop Loss: 0.370
Leverage: 20x – 40x
Margin: 2% – 5%
Risk Tip: Book partial profits at TP1 and trail stop to entry
Long
#STX Here 👇👇👇