STPT Retraced, Reversal LikelySTPTUSDT 12H.
The STPT token is an ERC-20 platform token that allows users to participate in events like airdrops, bounties, Micro Token Offerings, and virtual staking. Additionally, STPT can be used as a payment currency for services within the ecosystem.
Oct 5 there was a huge pump. It dropped down, bounced near GP, but bulls couldn't hold up, retested it and broke below GP slightly. Luckily the Bulls held strong at the Key Support level . Now that's a retracement that's near 65%.
Ranging between minor resistance and support level as seen on chart , with one attempt initially made to break up
Currently trading in the GP Zone .
Daily RSI TF is bullish .
Reversal is highly likely , high probability of upward movement again. Given BTC is stable, this idea will play out .
PS : Based on a follower's demand, I have analyzed this token.
Follow @CryptonKidd for more analysis and ideas.
Stpt
$STPT/BTC 4h (Binance Spot) Breakout of Downward TrendlineSTPT at Support Break out of the Downward Trend Line
Current Price= 0.00000141
Buy Entry= 0.00000139 - 0.00000141
Take Profit= 0.00000160 | 0.00000175 | 0.00000193
Stop Loss= 0.00000132
Risk/Reward= 1:2.5 | 1:4.37 | 1:6.62
Expected Profit= +14.29% | +24.99% | +37.84%
Possible Loss= -5.71%
Estimated Gain-time= 2 months
use Maximum 10 % of the Account
STPT Is Preparing For A Jump... BIG!When you see these titles, please keep in mind that this isn't scripture nor something that must happen, it is just an "idea" that I am sharing here with you.
STPT is preparing for a big jump... But it can also NOT happen...
Prices are safely trading above EMA50, which means that the bears have lost full control... Or, that the bulls are now on top.
With this little detail we now have in place, we can look at MA200 as the next target if things do go our way.
Chart reading and trading are definitely not the same... They are different.
With chart reading, you share the possible scenarios that can happen when you hit "play"...
With trading, you take calculated risks, with numbers, based on what is happening and what happens next.
Ones just tell you what you are looking at...
The other prompts you to take action if a certain scenario takes place.
Want me to go into more details ??? 😁
Maybe next time.
Namaste.
STPT | The Market Moves In Cycles (Up & Down, Up & Down)I was going to do the classic analysis for STPTBTC as I always do...
Reading all the classic signals and telling you what will happen, what might not happen, the rest is up to you.
But it is a lot better to keep it simple and simple is what I will show you next.
Just as we had a very strong bullish wave "1", a bearish wave comes next "2".
The bearish wave ended up in a lower low.
Of course, this can be taken as "bad", because prices broke below support...
But in all honesty, this is not how it works.
Since prices went below support, there are no more buyers at low prices, the stop-loss has been activated, all the weak hands are gone.
So, as prices go down, the market moves in cycles... What follows is a wave up.
Number "3" is the next bullish wave...
Up and down, up and down...
Number two was down... STPTBTC goes up next.
Namaste.
STPT/BTC (Daily Swing Support Failing?)💎Technical Analysis Summary💎
BINANCE: STPTBTC
-STPT is starting to break its daily key level of support around 102s sat
-This is quite too Bearish as we can a strong waterfall from 170s sat
-Guys, please don't try to guess the bottom
-If the Altcoin market is totally Bearish, Key Levels are useless
-Always wait for any signs of strength or market reversals
-Before taking your next trade idea and reducing the risk is a must
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STPT/USDT (Bearish Daily Pattern?)💎Technical Analysis Summary💎
BINANCE: STPTUSDT
-STPT is forming a Bearish H&S pattern
-The confirmation here is the break down of the neckline support
-You can enter a Sell position on the breakdown or pullback
-Downside target is 0.012-0.011 dollars
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Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
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STPT/BTC (Testing Major Trendline Support)BITTREX: STPTBTC
-Standard Tokenization Protocal is now testing the major trendline of support
-At around 160 sat range, this is like the last area for the bulls to show up
-If this level will hold for the next few days and Bitcoin started cooling off
-The chances of we can see an upward correction is very likely
-Bearish side, daily candle close below this trendline will result to strong downtrend
-The potential upside target is up to 252 sat or higher
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STPTUSDT ANALYSISI am bearish at the moment .It is crossing up trend line and it goes below the up trend line
If you hold this coin , time to sell it
Buy this coin when it breaks the up trend line and before you buy this coin wait 1 candle open- close totally above the up trend line ( about $ 0,2228)
Also if you want to buy this coin buy at the support line( $ 0,1382)
However, EngineeringRobo gave Sell 1 & Sell 2, Bear and Sell 3 to Bitcoin, I am not strongly recommending to buy any altcoins at the moment.
If you want to use EngineeringRobo please dm me.