Long
STMXUSDT
HELLO traders
STMX is moving inside a disjoint channel(highlighted) and I see two possible scenarios (red , blue) . The blue scenario (bullish) is more possible in my opinion.
blue scenario: now price is at the intersection of three support (horizontal level , channels lower band and black dynamic line ) this place can be good to buy and we can expect the disjoint channel to be broken out and aiming for target 1 and then target 2. but in order to make a safer buy i prefer to wait for the break out.(buy at buy zone 2).
STMX is moving inside a disjoint channel(highlighted) and I see two possible scenarios (red , blue) . The blue scenario (bullish) is more possible in my opinion.
blue scenario: now price is at the intersection of three support (horizontal level , channels lower band and black dynamic line ) this place can be good to buy and we can expect the disjoint channel to be broken out and aiming for target 1 and then target 2. but in order to make a safer buy i prefer to wait for the break out.(buy at buy zone 2).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.