STORJ - Breakout -> Retrace -> Enter -> Pump -> Profits 🫰
Updated
#STORJ/USDT Analysis
Description
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+ As evident from the chart above, Storj has recently broken out from its resistance but faced rejection at a weaker resistance level.
+ Consequently, the price retreated to its support zone and is currently attempting to rebound from this support.
+ I anticipate the continuation of the reversal, with a potential break above the previously rejected resistance and advancement towards the next resistance level.
+ The placement of our stop loss is further than usual to mitigate the risk of any false wicks.
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VectorAlgo Trade Details
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Entry Price: 0.7159
Stop Loss: 0.6484
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Targets 1: 0.7348
Targets 2: 0.7513
Targets 3: 0.7894
Targets 4: 0.8448
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Timeframe: 4H
Trade Type: Long Trade
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
---------------------------------------------------------------
Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
Description
---------------------------------------------------------------
+ As evident from the chart above, Storj has recently broken out from its resistance but faced rejection at a weaker resistance level.
+ Consequently, the price retreated to its support zone and is currently attempting to rebound from this support.
+ I anticipate the continuation of the reversal, with a potential break above the previously rejected resistance and advancement towards the next resistance level.
+ The placement of our stop loss is further than usual to mitigate the risk of any false wicks.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 0.7159
Stop Loss: 0.6484
------------------------------
Targets 1: 0.7348
Targets 2: 0.7513
Targets 3: 0.7894
Targets 4: 0.8448
------------------------------
Timeframe: 4H
Trade Type: Long Trade
Capital: 1-2% of trading capital
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
Note
Entry ConfirmedNote
Target 3 reached
Enhance. Trade. Grow
🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
🕸 SocialMedia: linktr.ee/vectoralgo
Join for latest signals/updates/advice.
🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
🕸 SocialMedia: linktr.ee/vectoralgo
Join for latest signals/updates/advice.
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