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TRADE OF THE DAY | STMX broken market structure | Possible 13.3%
TRADE OF THE DAY | STMX broken market structure | Possible 13.3%
STMX like alot of other ALTS right now is looking like further downside could ensue with this latest Binance-SEC bombshell. What makes this more appealing than the others is the clear break of market structure and a significant long term support sitting within a nice take profit target to comfortably deliver a 1:1 R:R here.
We do have a bearish divergence in play along with a strong break down in the RVI trendline
All targets are on the chart
STMX like alot of other ALTS right now is looking like further downside could ensue with this latest Binance-SEC bombshell. What makes this more appealing than the others is the clear break of market structure and a significant long term support sitting within a nice take profit target to comfortably deliver a 1:1 R:R here.
We do have a bearish divergence in play along with a strong break down in the RVI trendline
All targets are on the chart
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.