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• Price consolidates near 0.4580 after a bearish reversal into the 15-minute support.
• RSI indicates moderate bearish momentum, hinting at potential pullback.
• Volume peaks at 0.4625 suggest previous resistance may now act as support.
• Bollinger Bands show mild expansion, reflecting increased short-term volatility.
• MACD remains negative but flattening, signaling weakening downward momentum.
Stacks/Tether (STXUSDT) opened at 0.4604 on 2025-10-27 at 12:00 ET and closed at 0.4567 on 2025-10-28 at the same time. The 24-hour high reached 0.4683, while the low hit 0.4495, with total volume amounting to 1,575,031.9 and turnover of 721.89 USDT. Price has shown consolidation near 0.4580, suggesting short-term bearish pressure.
At the 15-minute scale, notable bearish engulfing patterns emerged in the early morning hours, reinforcing a possible short-term reversal. The 50-period moving average has dipped below the 20-period line, a bearish crossover, while the 200-period line continues to trend slightly upwards, indicating longer-term support. Price remains below the 50-period MA, reinforcing the bearish bias. The 20-period MA at 0.4596 appears to act as a key resistance level, and a close above it could signal a bullish breakout.
MACD remains negative at -0.0025 with a slight positive divergence, suggesting weakening bearish momentum. RSI stands at 43, reflecting moderate bearish pressure but not extreme oversold conditions. This suggests that a rebound into the 0.4570–0.4585 range is possible in the near term. Bollinger Bands are slightly expanding, with price currently resting near the lower band, reinforcing the bearish tone.
Volume activity was highest near 0.4625 and 0.4550, suggesting these levels may act as pivots. Notional turnover spiked during the bearish reversal from 0.4683 to 0.4567, indicating significant selling pressure. Price action at these levels could serve as a potential catalyst for a reversal or continuation. A Fibonacci 61.8% retracement level from the recent high at 0.4683 and low at 0.4495 aligns with 0.4576, which has already been tested and held in recent sessions.
To evaluate the effectiveness of a 61.8% Fibonacci retracement strategy for Stacks/Tether (STXUSDT), we propose the following parameters:
With these parameters, we will:
- Pull historical daily OHLC data from 2022-01-01 through 2025-10-28.
- Identify each 61.8% retracement entry as a potential long signal.
- Run the backtest using the defined exit rules and report key metrics such as annualized return, Sharpe ratio, win/loss ratio, and maximum drawdown.
The hypothesis is that the 61.8% retracement level, when combined with clear exit rules, can serve as a robust buy trigger for STXUSDT under current volatility and liquidity conditions.
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