Stmxusdt within strong accumulation zone
STMX has made a strong move by breaking out of a falling wedge, a bullish reversal pattern. The price appears to have completed an impulsive wave 1 and has corrected into wave 2.
Positioning within the buy-back zone is recommended to capture the potential wave 3 move. The stop-loss level is indicated on the chart, with the immediate profit target set at the unmitigated supply zone.
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Positioning within the buy-back zone is recommended to capture the potential wave 3 move. The stop-loss level is indicated on the chart, with the immediate profit target set at the unmitigated supply zone.
Share your thoughts on this analysis.
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