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!
STORJUSDT trade ideas
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.
Bearish set-up on STORJUSDTReasons for short:
- Head and Shoulders formation
- Bearish Divergence on RSI
- Bearish reversal signal on FRSI
- Price crossed below the whipsaw-resistant trend cloud signalling the beginning of a potential downtrend
Levels:
Entry - $0.4687
Take Profit - $0.3267
Stop Loss - $0.4999
HUGE DIV STORJ 15m LONGThe price of STORJ is back to the previous pump from the 20 September, we have a huge div both on the 15m and daily timeframe
this let me think we will break the resistance and maybe go back to 0.51, however if we dont break the resistance we might go back to 0.41
This is just my idea and I'm not a professional trader, do your own research
Good and safe trades to you guys
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.
STORJ/USDT on Binance Futures🚀 *Bitxer Signal Alert ID# 01*
*STORJ/USDT on Binance Futures (20x Cross)*
📈 *Trade Direction:* Long ⬆️
📈 *Entry Point:* NOW
🎯 *Targets:*
🎯 Target 1: 0.3724 🚀
🎯 Target 2: 0.3803 🚀
🛡️ *Stop Loss:* 0.3427
💰 *Risk Management:* Wallet Size - 3-4% (Protect those funds!)
🚀🚀 Ready to blast off with Bitxer signals! We've got our sights on those targets! 🌠🛸