#STMX/USDT
We have a period of perfect head and shoulders formation.
We are now at the formation of the right side of Pattern.
The decline is expected to be completed
The first target is 0.008404
The second goal is 0.007060
The third goal.006620
BINANCE:STMXUSDT
STMX/USDT 4-hour short trade opportunity
The price has been rejected twice at the rising wedge pattern and is now testing the horizontal level (HL). The weakness in price momentum and bearish divergence confirms that a sell-off is likely in the coming hours.
Overall, this is a Bearish setup for STMX/USDT, and a Short position could be...
We've seen in LTF bearish momentum yesterday, opening short position on chart expecting corrective wave until 5 minute fractal to grab liquidity below 0,00460$
Strong sell pressure here confirmed on bigger time frames also(Trend confirmed in H4 and H1, Price below cloud). Just waiting for a perfect entry below 0.00898 before we call a short signal. Let's see how this play out!
Hello traders. I expect the price to fall to the bottom of the downtrend channel after a price increase and the creation of a -HD. Be profitable. Are you agree?
