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

Considering entering a position in STMX? Let’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.

📈 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.

🛡️ 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.

🎯 Profit Target:

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

📊 Key Levels:

Buy Zone: $0.0064 - $0.0070

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

Profit Target: $0.0089

💡 Final Takeaway:

If you’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!

💬 Comment your thoughts below or share if this setup aligns with your strategy!