$STAR STAR framework for a 4-hour chart tests support zones after gains of about 22.69% — will the price bounce again and resume the upward journey?
🟢 LONG / STARUSDT
Proposed trading plan:
Entry zone: 0.13700 – 0.14100
Stop Loss (SL): 0.13200
First Target (TP1): 0.14800
Second Target (TP2): 0.15400
Third Target (TP3): 0.16000
Why this technical setup?
Price movement and support: STAR coin
is slowly retracing to test the defense lines near the Exponential Moving Averages and the most recent bottom level at 0.13539, which offers a good opportunity to build new buy positions at discounted prices.
Relative Strength Index (RSI): stabilizing at 39.87 in a zone leaning neutral, providing enough room for the buying momentum to return and for a rebound toward the upside.
Risk management: adhering to a stop loss below 0.13200 protects the trade and allows flexibility amid the current market fluctuations.
Deeper outlook: holding above the current support zones may pave the way to test the previous high at 0.15965 and attempt to break it.
Opinion discussion:
In your view, is the current support enough to push STAR to new highs, or will the correction continue?
Share your expectations in the comments 👇
$NVDAB $NVDA.US #CryptoRally #FOMCWatch #BTC #ETHETFsApproved #FIT21
🟢 LONG / STARUSDT
Proposed trading plan:
Entry zone: 0.13700 – 0.14100
Stop Loss (SL): 0.13200
First Target (TP1): 0.14800
Second Target (TP2): 0.15400
Third Target (TP3): 0.16000
Why this technical setup?
Price movement and support: STAR coin
is slowly retracing to test the defense lines near the Exponential Moving Averages and the most recent bottom level at 0.13539, which offers a good opportunity to build new buy positions at discounted prices.
Relative Strength Index (RSI): stabilizing at 39.87 in a zone leaning neutral, providing enough room for the buying momentum to return and for a rebound toward the upside.
Risk management: adhering to a stop loss below 0.13200 protects the trade and allows flexibility amid the current market fluctuations.
Deeper outlook: holding above the current support zones may pave the way to test the previous high at 0.15965 and attempt to break it.
Opinion discussion:
In your view, is the current support enough to push STAR to new highs, or will the correction continue?
Share your expectations in the comments 👇
$NVDAB $NVDA.US #CryptoRally #FOMCWatch #BTC #ETHETFsApproved #FIT21