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rodrader
Apr 7, 2021 7:19 PM

STMX TESTING OLD SUPPORT! Long

Description

The price on 16 march has experienced a pullback and formed a support zone between 4 and 5 cents. Following that the price has risen to around 9 cents and failed to break that level but it formed an upward trendline that was tested around 7 times. I believe that the price has decreased to test the previous support zone. This idea is backed by a possible formation of a channel where the price will bounce before rising again in addition to taking into consideration that the 50EMA will soon enter this support zone making it harder to break.
Comments
Jackson485
when will it happen
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