Furthermore, the open interest surged alongside price, indicating fresh positions entering the market instead of leverage being flushed out entirely. This matters. Moreover, exchange data further shows short exposure outweighing longs near the lower range, leaving additional downside protection for price as long as STX holds above reclaimed intraday levels.
FAQs
STX is up due to a bounce from the $0.30 support zone and short liquidations, which boosted momentum as futures traders exited bearish positions.
Yes, continuation is possible if the breakout retest holds. Sustained volume and higher lows would support further upside.
Only if price falls back below $0.30. Holding reclaimed support reduces the probability of a full retrace.
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