Recently I made an analysis on STG and the bullish channel it was trading in. At the moment of my last analysis I argued that STG had likely bottomed at the channel's support and that a bounce was underway. If you took the trade, you had around +50% gains at the moment!
For now, we're seemingly breaking out of the bullish channel, helped by the extremely good day that BTC is currently experiencing.
In my view, we're likely going to see more gains shortly. However, I also recognize that we're getting fairly overextended at the moment, so I'm keeping my targets close. Targets in blue.
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