The price of STX/USDT has dropped for the last couple of weeks and lost almost 40% since then. However, recently the price broke the 1.50 key resistance level and created a strong support around the same price, which indicates the return of the bullish trend.

The market structure has also turned bullish as the price has formed a bullish head and shoulder pattern which indicates a bullish reversal. The price is also making higher highs on smaller time frames.

I am expecting the price will retrace back to the 1.50 for a correction before making new gains. I would recommend the 1.50 level for long entry as this level will act as a major support level now and my recommended target for this trade is the 1.90 resistance level.

Fundamentally, there are no significant events that could impact the price of STX/USDT substantially. The price will likely follow the price action as it has been doing since last week.

• STX/USDT is likely back in the bullish trend as the price breaks key resistance level
•  The price of  STX/USDT is likely to reach the 1.90 resistance level in the coming days.
• Multiple take-profit levels have been added to secure profit along the way.
• The risk-to-reward ratio on this trade is 1:3.2.
• The entry and stoploss prices have been placed at secure levels with the least probability of getting hit.
• Good luck!

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