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readCrypto
Jul 28, 2023 11:19 PM

The support and resistance area around 0.007740 is important 

STMX / TetherUSBinance

Description

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(STMXUSDT chart)


(1M chart)

The key is whether it can find support above 0.005660 and rise above the MS-Signal indicator.


(1W chart)

Therefore, if it rises above 0.007740 and shows support, it is a buying time from a mid- to long-term perspective.


(1D chart)

From a short-term perspective, there is an uptrend as the price is holding above the HA-High indicator on the 1D chart.

However, if you refer to the explanations of the 1M chart and 1W chart, the important point is whether it can rise with support in the 0.005660-0.007740 range.

If supported and raised in this way,
1st: 0.012750
2nd: 0.019146-0.020898
The area around the 1st and 2nd above corresponds to the split selling section.


Therefore, it is recommended to proceed with buying when the HA-Low indicator or HA-High indicator on the 1D chart is newly created and shows support from the indicator.

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There are a few coins (tokens) that are showing a lot of uptrend that I feel like I won't have a chance to buy unless I buy them right now.

However, if you look closely at support and resistance points, there are only a handful of coins (tokens) that break through significant support and resistance points upwards.

Therefore, you need to be very careful when trading coins (tokens) that are currently skyrocketing.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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Comments
investor_parblo
is it a time to buy now?
pejman_zwin
Hope it moves as your analysis.📈
thaeraltaay4
thank you for everything

Regards
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