STORJUSDT trade ideas
STORJ analysisSTORJ has a bearish structure.
STORJ is constantly creating bearish BOS after its bearish CH
It seems that the drop will continue until the demand range.
We will look for buy/long positions on the specified demand
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
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Drop to the mentioned supportThe trend is bullish in the 30-minute timeframe, but overall we are ranging. There is an ascending trendline that STORJ has been moving along, and it has recently broken this trendline. Below this trendline, there is a strong support zone, which we can expect to see significant reactions from. The scenario suggests a pullback to the trendline and then a drop to the mentioned support, from where we can look for upward movement.
Keep an eye on #STORJ/USDT Diagonal Trendline in 1-Hour TF!Keep an eye on #STORJ/USDT Diagonal Trendline in 1-Hour TF!
SEED_DONKEYDAN_MARKET_CAP:STORJ needs to clear the Trendline for bullish momentum. Wait for BO/retest to long it. The local support level is $0.525 and the resistance level is $0.5815.
#STORJThe Storj currency has moved a full upward cycle, which is currently in the correction cycle of wave 2. This cycle can appear as a three-wave and prepare for an upward movement in the form of wave 3 or C in the specified range after the end of leg C. Therefore, for those who want to enter this currency in the weekly time, the correction of this currency has not been completed yet. Therefore, the possible movement of this currency can be according to the figure that I will update this post in the future after completing the corrective leg.
STORJ Price RollercoasterThe price of STORJ has been on a wild ride in recent days. After reaching a high of $0.80 , the token experienced a significant plunge, dropping a staggering 50% to $0.40
Currently, STORJUSDT is trading at around $0.53 , indicating a slight recovery from its lows. This tentative upswing comes after the price found support at $0.47 . However, the market remains volatile, and analysts are closely watching for signs of a broader bullish trend.
If the support level of $0.47 breaks, STORJ could experience a further pullback, potentially dropping down to $0.32 .
STORJ ANALYSISThe STORJ correction has started from where I entered "start" on the chart.
It appears to be forming a triangle or more complex pattern.
Now it seems to be at the end of wave C.
The long shadow range (which I marked with LSH) is a support.
A reversal is expected from the LSH range to the red box and then move to the lower box.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
#STORJ/USDT#STORJ
The price is moving in an upward channel on a 12-hour frame and we have a support area in green at the level of the lower border of the channel at the price of 0.6200.
We have a trend to rise above the Moving Average 100 after breaking it down
The RSI indicator has a downtrend that is expected to be retested
Entry price is 0.6888
The first target is 0.7788
The second target is 0.8669
The third goal is 0.9858