๐Ÿšจ STMX Trade Setup: Key Buy Zones, Stop Loss, and Profit Targets! ๐Ÿšจ

Considering entering a position in STMX? Letโ€™s break down when to buy, where to set your stop loss, and the profit target based on the current chart setup.

Current Price: STMX is consolidating around $0.0070, right below key resistance.

Volume Profile: Strong support exists around the POC (Point of Control) at $0.0064, and a major support zone lies at the mVAL (Monthly Value Area Low) at $0.0059.

๐Ÿ“ˆ Buying Strategy:

Breakout Entry: Wait for a clean breakout above $0.0070 with strong volume to confirm momentum.

Dip Buy Opportunity: Enter near $0.0064 if price retraces. This level has high-volume support, making it a solid dip-buying zone.

Safer Buy: If price drops further, consider entering at $0.0059, which is a stronger support level.

๐Ÿ›ก๏ธ Stop Loss Levels:

Aggressive Traders: Set your stop loss just below $0.0063, to minimize downside risk in case of a false breakout.

Conservative Traders: Place your stop loss under the $0.0058 level to give your trade more breathing room.

๐ŸŽฏ Profit Target:

Short-Term Target: If the price breaks $0.0070, look for a rally to $0.0089, the next major resistance level.

๐Ÿ“Š Key Levels:

Buy Zone: $0.0064 - $0.0070

Stop Loss: Aggressive at $0.0063, Conservative at $0.0058

Profit Target: $0.0089

๐Ÿ’ก Final Takeaway:

If youโ€™re waiting for confirmation, buy the breakout above $0.0070.

If you're looking for a dip entry, enter near $0.0064 with a stop loss set just below.

Always ensure your stop loss is well placed to manage your risk effectively!

๐Ÿ’ฌ Comment your thoughts below or share if this setup aligns with your strategy!