STMX - The storm is coming?!
From the ascending triangle pattern STMX looks to be re-testing the rising lower trendline support. If it can maintain this key area of support and continue validating the pattern through consolidation within the triangle, then a breakout would be more likely to the upside. In this case, I would expect this breakout to occur in late April/early May as long as BTC and ETH remain stable.
Swing Trade Plan
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Entry: $0.060 - 0.065
Stop Loss: $0.055
Price Target #1 if rejection of breakout: $0.080
Price Target #2 if confirmation of breakout: $0.10
Disclaimer:
This is based on my opinion. I am not a financial advisor and this is not financial advice. Only trade with what you are willing to lose. Trading is not the same as investing.
Swing Trade Plan
===============
Entry: $0.060 - 0.065
Stop Loss: $0.055
Price Target #1 if rejection of breakout: $0.080
Price Target #2 if confirmation of breakout: $0.10
Disclaimer:
This is based on my opinion. I am not a financial advisor and this is not financial advice. Only trade with what you are willing to lose. Trading is not the same as investing.
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.