The price has been rejected twice at the rising wedge pattern and is now testing the horizontal level (HL). The weakness in price momentum and bearish divergence confirms that a sell-off is likely in the coming hours.
Overall, this is a Bearish setup for STMX/USDT, and a Short position could be considered.
Please note that this is not financial advice, and you should always do your own research before making any investment decisions.
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