📢 $STORJ / $USDT | 🟢 LONG | ⭐ 76.9%
🎯 Goal: $0.044406. Does it hit?
🎯 Trading levels:
🟢 Entry: $0.042656
🛑 Stop Loss: $0.041606
🏁 TP1: $0.044406
🏁 TP2: $0.044756
🏁 TP3: $0.045456
📈 Analysis:
$STORJ shows a bullish structure on lower timeframes with a Triple Bottom setup that validates the demand zone. The ADX of 28.42 indicates a trend with moderate strength, while the MACD (trend impulse indicator) shows a bullish cross and the volume ratio of 1.56x confirms clear buy-side absorption. The alignment between the EMAs (exponential moving averages) confirms that price is holding above critical levels, with the current price trading above the POC (Point of Control, the level with the highest traded volume).
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The thesis is invalidated if price breaks the stop loss, losing the immediate structural support. We will monitor how price behaves when testing the VAH (Value Area High) and the resistance at $0.0446, looking for a consistent candle close to confirm the continuation of the move.
Do you think the buying volume will be enough to break the $0.0446 resistance in the short term?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #STORJ #trading #Futures #Bullish
🎯 Goal: $0.044406. Does it hit?
🎯 Trading levels:
🟢 Entry: $0.042656
🛑 Stop Loss: $0.041606
🏁 TP1: $0.044406
🏁 TP2: $0.044756
🏁 TP3: $0.045456
📈 Analysis:
$STORJ shows a bullish structure on lower timeframes with a Triple Bottom setup that validates the demand zone. The ADX of 28.42 indicates a trend with moderate strength, while the MACD (trend impulse indicator) shows a bullish cross and the volume ratio of 1.56x confirms clear buy-side absorption. The alignment between the EMAs (exponential moving averages) confirms that price is holding above critical levels, with the current price trading above the POC (Point of Control, the level with the highest traded volume).
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The thesis is invalidated if price breaks the stop loss, losing the immediate structural support. We will monitor how price behaves when testing the VAH (Value Area High) and the resistance at $0.0446, looking for a consistent candle close to confirm the continuation of the move.
Do you think the buying volume will be enough to break the $0.0446 resistance in the short term?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #STORJ #trading #Futures #Bullish