We can see another leg in STMX, if it respects the trend line.
There was a trend reversal (bullish) breakout spotted on the 1 hr chart. Might come back to retest 0.75 support.
If can not hold - can drop to 0.7.
We broke the ascending channel and fell below the trend line possibly to retest near the 50-61.8 FIB retracement zone.
We could see a nice upward trend once our pullback is completed.
Possible entry points - 0.052 USD
Target T1- 0.8, T2 - 0.12648, T3 - 0.15971
SL - 0.042
Educational purpose only. Not financial advice.
STMX has been in a symmetric wedge for a while now. Now that it has broken out of the wedge and have done a short term consolidation, it's ready for the next big pump. Expect take profit levels around ~$0.115.
Technical analysis based on Basic BBMA strategies( Bollinger Band and Moving Average) & Fibo Musang . This is just a prediction where the market price go. TAYOR( Trade at your own risk)
Deduction: This is all fully based on technical analysis. There a potential for the price to reach 0.10 to 0.14 per STMX. This going to be long term trade. Good luck
Hello guys,
STMX kinda formed a cup and handle pattern and looks promising. I will be entering when the flag breaks to the upside.
Let me know your thoughts guys!
YOU CAN SELL 50% OF YOUR POSITION ON TP1 AND UPGRADE YOUR STOPLOSS ON YOUR TRIGGER PRICE AND WAIT FOR TP2 OR 3 ... IT MEANS : RISK FREE !!!!
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My first idea ever, so be gentle. :)
STMX is looking bullish from my side.
1) Nice consolidation after a pump forming bullish pennant.
2) We have tested 0.618 fib level 2 times and established it as support.
3) RSI looks stable.
I will be putting some of my profits from previous STMX pump into long position.
This is not financial advise.
