$STORJ : Bearish Trend Continuation Look?
Entry: Market Price around 0.04211 (or wait for a retest of the MA7 line near 0.04199)
Target (TP): 0.04146 (testing the recent 24h Low support)
Stop Loss (SL): 0.04260 (just above the MA25 resistance line)
👉Reasoning:
The 1-hour chart shows strong bearish momentum. The price is currently trading below the key Moving Averages (MA25 and MA99), which are acting as dynamic resistance levels. A recent breakdown past local support suggests further downside risk toward the 24-hour low.
Entry: Market Price around 0.04211 (or wait for a retest of the MA7 line near 0.04199)
Target (TP): 0.04146 (testing the recent 24h Low support)
Stop Loss (SL): 0.04260 (just above the MA25 resistance line)
👉Reasoning:
The 1-hour chart shows strong bearish momentum. The price is currently trading below the key Moving Averages (MA25 and MA99), which are acting as dynamic resistance levels. A recent breakdown past local support suggests further downside risk toward the 24-hour low.