STPTUSDT trade ideas
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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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.
STPT/USDT resistance and support, both weak.The STPT/USDT pair on binance indicates very little resistance above, and very little support below.
Due to the volatile nature of low-volume assets, traders should be diligent about a risk management strategy. Great rewards come with great risk. No need to bet the house on this one, but it might be one to keep an eye on.
In terms of fundamentals, I'd like to see more, but again, very little overhead resistance. Would require very little to move this coin.
The convergence of a potential retracement to prior horizontal support zone with the upward trendline might be a good secondary entry if scaling in feels too risky.
Do your own research, and keep an eye on BTC.
Good luck.