Technical analysis by tradecitypro about Symbol STX: Buy recommendation (5/13/2025)

👋 Welcome to TradeCity Pro!In this analysis, I’m going to review the STX coin, which belongs to the Stacks project—a Layer 2 solution for Bitcoin.🔍 STX, with a market cap of $1.45 billion, is currently ranked 59 on CoinMarketCap.🔄 In the previous analysis, I drew an expanding triangle and mentioned that if this triangle breaks to the upside, we can enter a long position or even make a spot purchase.✨ The trigger for the triangle breakout was at the 0.731 level. After breaking out and pulling back to this level, the price moved up to 1.049 and is now once again in a consolidation phase.📅 Daily TimeframeCurrently, after RSI got rejected from the 73.58 zone and exited the overbought area, the price has undergone some correction. A pullback to the 0.871 level is possible.🧩 If a pullback or deeper correction occurs, as long as RSI remains above 50, I still consider the market momentum to be bullish and believe the price can continue moving upward.📈 If we see a solid bullish candle confirming continuation, we can enter a long position. However, the main long trigger is the breakout of 1.049. The RSI trigger for sharper moves would also be a breakout above 73.58.📊 The next resistance level is at 1.332. If this level breaks, the coin enters a new price zone, and we’ll need to see whether it can establish support above that area.🔽 For a bearish scenario, we should wait for the market to form a structure and provide a valid trigger to confirm a short position. At the moment, it’s better to wait for that setup.🔑 If the market turns bearish, the key support zones to watch are 0.731, 0.571, and 0.453, which could potentially halt further decline.📝 Final ThoughtsThis analysis reflects our opinions and is not financial advice.Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️