【$STX Signal】Short Position + Downtrend Continuation Pattern

$STX Price decline accompanied by stable open interest, indicating a typical distribution structure by the main players rather than a long squeeze. The 4H candles close below the previous low consecutively, showing weak buying pressure, with Taker continuously selling.

🎯 Direction: Short

After being blocked at 0.288, the price has broken below the key support at 0.269. Although the funding rate is negative, the open interest remains stable (OI Trend: Stable), suggesting that the bears are not rushing to close positions but are distributing in an orderly manner. The 4H buy/sell ratio remains below 0.5, indicating active selling pressure dominates. The order book is stacked with large sell orders above 0.265, creating strong resistance to a rebound. The current structure is a downtrend continuation; until clearer signs of bearish momentum exhaustion or a structural reversal appear, it’s advisable to stay on the sidelines.

Trade 👇 $STX
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