STROJ/USDT 2 HOURS UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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I have tried my best to bring the best possible outcome in this chart, Do not consider it as an
#LONG
STROJ/USDT is making this Ascending channel.
Entry: CMP and more add above $0.97
Targets: 13%
LEVERAGE: 10X to 20X
Stop Loss: break and close below the downer support line.
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Thank you
Strojusd
Bullish signs but pull back expected at THESE levelsThe current situation:
1. Price action previously broke out of the falling wedge pattern with a measured target of about 0.77 USD. Currently, it is apparently ranging in a symmetrical triangle pattern between the breakout point and the measured target while being above all moving averages on major timeframes, which is a bullish signal.
2. Possible bearish divergence can occur on the 4 and 6HR chart when price action reaches or beats the last high within the symmetrical triangle at about 0.52 USD without making a higher high on the RSI, which can signal a pullback.
Possible bearish divergence can also occur on all major timeframes if price action reaches or beats the last high from the falling wedge at about 0.745 USD without making a higher high on the RSI, which can also signal a pullback.
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*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.