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STMX/USDT 4-hour short trade opportunity

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STMX / TetherUS (BINANCE:STMXUSDT)  
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BINANCE:STMXUSDT   STMX / TetherUS
Trend Analysis Chart Patterns stmxusdt stmxusdtshort stmxusdtidea shortsetup chartanalysis chartparttern Rising Wedge stmxidea stmxusdttrade
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trendanalysis chartpattern stmxusdt stmxusdtshort stmxusdtidea shortsetup chartanalysis chartparttern risingwedge stmxidea stmxusdttrade
STMXUSDT

STMX/USDT 4-hour short trade opportunity

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.
Penafian

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