Brief Analysis——STMXToday we selected two tokens from the tokens listed on Binance for brief analysis. They are TOMO and STMX.
Like most tokens, STMX has fallen for nearly a year, and maintained a low volatility. On Jul.21, the volatility increased and the price started to pomp with high trading volume, breaking the red dotted line. STMX converts to neutral on a large scale. But after a brief rise, bears strengthened, the price starts to fluctuate and move in the black angle, and finally breaks down the low rail. At that time, STMX turned bearish again on a large scale. In the last week, the price drop almost covered the previous rise. The bulls did not strengthen after the bears decayed. The volatility has decreased to the previous level again.
Conclusion: Mostly falling. The rapid decline covered previous gains, as if the pump never happened. Bears is stronger than bulls. We think the price will fall after the bears come back. We set resistance level at 0.005700 and support level at 0.004180.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
