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Storj / TetherUS PERPETUAL CONTRACT

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STORJUSDT.P trade ideas

STORUSDT Short into resistance!As we can see from the chart STORUSDT has reached the daily resistance level (Purple line). Having already got a rejection from this level, it has now retraced into the 4hr order block and created an inside block candle followed by a false breakout candle. This is a strong reversal pattern. I will be looking for a short from this level into the previous lows. Paying attention to price action at significant levels (50%-61.8% FIB) trend line and previous support. Good luck!
Short
by Hill_Trading
1
STORJ/USDT Crucial Zone, Break the strong resistance or Down ??💎 STORJ has certainly caught our attention. Despite its repeated attempts to breach the formidable resistance zone, STORJ has often faced setbacks, plunging sharply. However, the current chart formation appears promising, with a bullish trend evident on the hourly timeframe. This suggests that STORJ might soon overcome this persistent resistance. 💎 Yet, if STORJ faces another rejection upon encountering the robust resistance, it might retreat to its local support to gather momentum for another upward push. It's crucial for STORJ to rebound swiftly from this support. 💎 Prolonged sideways movement at this level might sap its momentum, risking a dip below the support. Should this occur, STORJ could gravitate towards the demand zone between $0.315 and $0.336, a region with substantial strength to support the asset. 💎 However, if even this demand zone fails to hold back the sellers, STORJ might plummet to a more robust support level or even further.
by MyCryptoParadise_Nathan
5
STORJUSDT idea, A resurgence at the end of the marketHi traders.... "A resurgence at the end of the market" means that the market is experiencing a renewed period of growth or activity, towards the end of the trading day. This can be caused by a number of factors, such as: The release of positive economic data Major news events that are seen as being bullish for the market Short covering, where traders who have bet on the market falling are forced to buy back shares to close out their positions A resurgence at the end of the market can be a good opportunity for traders to make profits, but it is important to be aware of the risks. For example, if the market is experiencing a short-term spike in prices, there is a chance that the rally will fade quickly. Here are some tips for trading during a resurgence at the end of the market: 1.Be prepared :Have a plan in place for how you will trade if the market starts to move higher. This includes identifying the assets you want to trade and the entry and exit points for your trades. 2.Be disciplined: Don't let emotions get the best of you. Stick to your trading plan and don't chase the market. 3.Use risk management: Don't risk more money on any one trade than you can afford to lose. If you are not sure whether or not to trade during a resurgence at the end of the market, it is always best to err on the side of caution and wait until the next trading day. ⚠️ Please note: This is just my personal opinion on the market, based on published information and historical data. Some of these opinions are based on my real trades, but others are not. I am not a financial advisor, and I am not responsible for your trading decisions. ✅ If you have any questions or suggestions, please feel free to ask. I am also happy to review and analyze any currency pair or index that you are interested in.
Long
by Arash-RK