STPT/USDT resistance and support, both weak.
Updated
The STPT/USDT pair on binance indicates very little resistance above, and very little support below.
Due to the volatile nature of low-volume assets, traders should be diligent about a risk management strategy. Great rewards come with great risk. No need to bet the house on this one, but it might be one to keep an eye on.
In terms of fundamentals, I'd like to see more, but again, very little overhead resistance. Would require very little to move this coin.
The convergence of a potential retracement to prior horizontal support zone with the upward trendline might be a good secondary entry if scaling in feels too risky.
Do your own research, and keep an eye on BTC.
Good luck.
Due to the volatile nature of low-volume assets, traders should be diligent about a risk management strategy. Great rewards come with great risk. No need to bet the house on this one, but it might be one to keep an eye on.
In terms of fundamentals, I'd like to see more, but again, very little overhead resistance. Would require very little to move this coin.
The convergence of a potential retracement to prior horizontal support zone with the upward trendline might be a good secondary entry if scaling in feels too risky.
Do your own research, and keep an eye on BTC.
Good luck.
Trade closed: target reached
Successful trade here. Congrats to those who rode this one out!Disclaimer
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