【$STX Signal】Long | Short Squeeze Initiated, Deep Imbalance Supports Rebound

$STX After breaking the short-term downtrend on the 4-hour chart, it consolidates within a narrow range above a key support level, forming a healthy reset.

🎯 Direction: Long

🎯 Entry: 0.2580 - 0.2590

🛑 Stop Loss: 0.2540 ( Breaks below previous low and EMA20 support, rigid stop loss )

🚀 Target 1: 0.2650

🚀 Target 2: 0.2720

Market Analysis: Price stabilizes above EMA20 (0.2579), confirming a short-term bullish trend. Funding rate is -0.0036%, negative, but open interest remains stable. Combined with rising prices, this indicates typical early-stage short squeeze characteristics rather than a pure bullish pump.

Core Logic: Order book depth shows severe imbalance, with buy-side depth (Bids) significantly thicker than sell-side (Asks), ratio reaching 1.47, indicating strong institutional buy orders protecting the floor and absorbing liquidity in the 0.2580-0.2590 range. The 4-hour RSI has recovered from oversold territory to a neutral 49.87, opening space for further upside.

Key Levels: 0.2580 is a support zone tested multiple times recently, with dense buy orders and a cluster of support. Combining ATR (0.0075), placing the stop loss below this level effectively filters noise. Target 1 aligns with previous high resistance, Target 2 looks toward the Fibonacci 0.382 retracement level. Risk-reward ratio >2.0, meeting mathematical advantage.

Trade here 👇 $STX

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