STMX UPDATE; NEW FOUND SUPPORTTHIS IS NOT FINANCIAL ADVICE
BLACK LINES are support.
RED LINES are resistance.
BLUE LINES are trends.
TRADE IDEA:
STMX has found support on the 205 EMA right around .04. which I am personally pleased with after being at .01 months ago. The first level of resistance is .062 and next is .072. If we can break these levels we will retest the top resistance at .087. I think STMX has no problem breaking through all these levels in the next several weeks. By bouncing off the 205 ema we have established a known support amongst traders and momentum is finally building to the upside again.
FUNDAMENTALLY
STORMX is a hidden gem token. They already have a fully operable application with Marketplace for buying consumer goods and retail items from big corporate stores, as well as smaller ran companies. Users get a % of their purchases back in crypto. Stormx prepaid card is also being released very soon. Users will get to spend STMX anywhere that accepts a VISA card. Upon swiping the prepaid card it will automatically facilitate the sale of STMX into USD for the user.
Now the best part of Stormx app for me is the ability to stake and receive passive income on STMX and also become a tiered member where you'll get a higher percentage back from shopping at their partnered stores. Currently Stormx is offering users who stake 12.5% returns a year in STMX token. Since the price of STMX is so small, this can be highly lucrative in the long run. Once STMX is trading above .05-.10 the dividends will be looking like pay checks for some. There is now 50 million USD staked on stormx/ 1 billion tokens/ 10% of the total supply, and the numbers are increasing daily. This is a good sign that not only are we early in the stormx game, but that there is a heavy level of attention and publicity coming.
PAST CHARTED IDEA
