$STMX / USDT Trading Analysis!🔥💯
The chart shows strong bullish momentum today with a 16.06% gain and a strong 27.12% rise over the past week. Here is a simple plan for your trades:
1. Long Entry: Enter at 0.0068-0.0070, where support is likely to hold.
2. Short Entry: Look for rejection near 0.0075, a key resistance level.
3. Stop Loss:
• Long: Place at 0.0065 to protect against a deeper decline.
• Short: Place at 0.0077 to cover against a breakout.
4. Targets:
• Long: Target 0.0075 (first target) and 0.0078 (extended target).
• Sell: Target 0.0068 (first target) and 0.0065 (extended target).
Watch RSI and volume for confirmation. A rising RSI near 70 signals a selling opportunity, while a falling RSI near 30 favors a long position. Trend: Up, but pullback zones provide great trading setups. Trade smart!