STMX - The storm is coming?!
From the ascending triangle pattern STMX looks to be re-testing the rising lower trendline support. If it can maintain this key area of support and continue validating the pattern through consolidation within the triangle, then a breakout would be more likely to the upside. In this case, I would expect this breakout to occur in late April/early May as long as BTC and ETH remain stable.
Swing Trade Plan
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Entry: $0.060 - 0.065
Stop Loss: $0.055
Price Target #1 if rejection of breakout: $0.080
Price Target #2 if confirmation of breakout: $0.10
Disclaimer:
This is based on my opinion. I am not a financial advisor and this is not financial advice. Only trade with what you are willing to lose. Trading is not the same as investing.
Swing Trade Plan
===============
Entry: $0.060 - 0.065
Stop Loss: $0.055
Price Target #1 if rejection of breakout: $0.080
Price Target #2 if confirmation of breakout: $0.10
Disclaimer:
This is based on my opinion. I am not a financial advisor and this is not financial advice. Only trade with what you are willing to lose. Trading is not the same as investing.
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