On the weekly timeframe, #STG remains in a broader downtrend, respecting a long-term descending structure with consistent lower highs and lower lows. As long as price remains below the descending channel and below $0.23 on a strong weekly basis, the broader structure remains bearish. The recent #move looks corrective for now, and failure to break resistance could result in continuation back toward the channel lows. Short-term recovery attempt, but macro #trend still #bearish until key resistance levels are reclaimed on higher timeframe closes. #crypto
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On the weekly timeframe, #STG remains in a broader downtrend, respecting a long-term descending structure with consistent lower highs and lower lows. As long as price remains below the descending channel and below $0.23 on a strong weekly basis, the broader structure remains bearish. The recent #move looks corrective for now, and failure to break resistance could result in continuation back toward the channel lows. Short-term recovery attempt, but macro #trend still #bearish until key resistance levels are reclaimed on higher timeframe closes. #crypto