Big coffee opinion: long #STG (from copytrading.cc)
The price is currently in the demand zone marked in green. This demand zone was broken recently, but now forms a hammer pattern candle that could indicate strong buying pressure. This could be a false breakout, so be wary. It is recommended to wait for the price to break through and then backtest the demand zone again before deciding to take action.
If the bearish trend line is broken, the price could rise significantly. Note the red marked supply area. If price breaks out of this supply zone, we could see significant gains.
The nearest target is $0.53, which may act as a mean reversion zone. After that, we need to look for further signals to judge future trends. Long-term goals include supply zones and above all-time highs (ATH).
STG is still in a concussive range and has not broken through. Notably, a triangle pattern is forming on the monthly chart. #内容挖矿