STORJUSDT_DailyPrice: 0.53 USDT
Entry:0.5 - 0.55 USDT
Support zone: 0.5 - 0.52 USDT
TP_LVL I: 0.63 USDT
TP_LVL II: 0.76 USDT
SL: 0.42 USDT
Expected Return: 43.4 %
Risk/Reward: 0.43
STORJUSDT
STORJ.USDT (Y20.P4.E2).Macro.Looking for an entry.Hi All,
Keeping this short as its only the planning phase:
Storj did a nice reversal which was a beautiful clear setup which I missed out on, did not review the chart (bottom pattern was a reversal especially at the right fib level.) Chart below.
With a strong bounce with 4 impulses, one would think this is the top on this impulse so I'm looking for a pullback before taking the trade, as its likely to continue the uptrend in the micro level.
As the chart suggests, we can possibly have an inverted Head and Shoulder formation in the making.
Storj can still go higher so don't fomo in, look for that pullback.
On the daily chart, phoeix showing downward pressure with a current undecided candle. After 1 day, the next candle will give us the clue.
Observe the bottom formation:
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Please give me a like or tick for this post,
Regards,
S.SAri.
(ref. D.charts)
The other possibility, which I find more unlikely is a flat neckline for the inverse H & S
PREVIOUS POST was with BTC pairing
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STORJUSDT ANALYSISThe candle is above the support line( $ 0,3979) It will be most probably open - close above the that lvl
That means you can buy when the other candle open and see what will gonna be happen if it goes down you can sell at the support line
Other case if it stay above the horizontal line ( $ 0,3979) you will see the big rise
Catch the EngineeringRobo' s buy signal
Have a good trade If you want to use EngineeringRobo please dm me.
STORJUSDT ANALYSISThe last candles crashed the resistance line(0.2970), so if the candles pass the resistance line to open and close, we should buy it. I hope it will be soon:)
I look forward:)
