STPT Long-Term Higher Low, What Now?
Updated
Hello my friend, let's review another chart and this time we have STPTUSDT.
What does it say?
In August 2024 a major low was hit, this low ended up higher than the low that was hit more than a year prior in June 2023, thus we have a higher low.
Still, it looks tricky?
➖ Will it grow if Bitcoin goes down?
➖ Will it grow regardless of Bitcoin?
➖ Will it crash if Bitcoin drops?
Don't worry about Bitcoin, we are looking at STPTUSDT.
The higher low is a strong positive signal. Technically speaking we are looking at a double-bottom because of the nearness of the price between each date.
There is no need to speculate as to what can or might happen, we know exactly what is happening now by looking at the chart.
STPTUSDT is bullish now and has bullish potential as long as it trades above the June 2023/August 2024 low/support. If it moves below this level/line, there can be one final drop before higher prices. While it trades above it, the bulls are in control.
Right now this is a bullish setup and we can expect higher prices. This can be traded with a tight stop-loss.
There is no volume on the drop. If there is a flash crash or something sudden or unexpected, it is likely that the support will hold. All that is needed now is patience to win.
Buy and hold is the strategy. Regardless of what happens, with buy and hold this is an easy win.
Buy and hold and wait for 6-8 months... See how everything will turn out if you wait long enough.
Patience is key.
Think long-term.
Thanks a lot for your support.
Namaste.
What does it say?
In August 2024 a major low was hit, this low ended up higher than the low that was hit more than a year prior in June 2023, thus we have a higher low.
Still, it looks tricky?
➖ Will it grow if Bitcoin goes down?
➖ Will it grow regardless of Bitcoin?
➖ Will it crash if Bitcoin drops?
Don't worry about Bitcoin, we are looking at STPTUSDT.
The higher low is a strong positive signal. Technically speaking we are looking at a double-bottom because of the nearness of the price between each date.
There is no need to speculate as to what can or might happen, we know exactly what is happening now by looking at the chart.
STPTUSDT is bullish now and has bullish potential as long as it trades above the June 2023/August 2024 low/support. If it moves below this level/line, there can be one final drop before higher prices. While it trades above it, the bulls are in control.
Right now this is a bullish setup and we can expect higher prices. This can be traded with a tight stop-loss.
There is no volume on the drop. If there is a flash crash or something sudden or unexpected, it is likely that the support will hold. All that is needed now is patience to win.
Buy and hold is the strategy. Regardless of what happens, with buy and hold this is an easy win.
Buy and hold and wait for 6-8 months... See how everything will turn out if you wait long enough.
Patience is key.
Think long-term.
Thanks a lot for your support.
Namaste.
Trade active
Very strong bullish breakout confirmed.
The start of the up-move.
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