Trade Setup
Entry Zone: $0.1350 – $0.1450 (Look for a retest of the breakout level/support zone)
Targets:
TP1: $0.1680 (Previous local peak)
TP2: $0.1850+
Stop Loss: $0.1250
Analysis
$STORJ
has exhibited a violent bullish breakout from a long-term consolidation base, marked by a massive surge in buying volume on the 4H timeframe. The price recently peaked at $0.1684 and is currently forming a high-wick candle, suggesting a temporary exhaustion of buyers and a likely pullback. The structure remains heavily bullish as long as the price maintains its position above the $0.1330 breakout point. A consolidation or slight retracement to the entry zone would provide a healthier foundation for the next leg up toward higher resistance levels.
Entry Zone: $0.1350 – $0.1450 (Look for a retest of the breakout level/support zone)
Targets:
TP1: $0.1680 (Previous local peak)
TP2: $0.1850+
Stop Loss: $0.1250
Analysis
$STORJ
has exhibited a violent bullish breakout from a long-term consolidation base, marked by a massive surge in buying volume on the 4H timeframe. The price recently peaked at $0.1684 and is currently forming a high-wick candle, suggesting a temporary exhaustion of buyers and a likely pullback. The structure remains heavily bullish as long as the price maintains its position above the $0.1330 breakout point. A consolidation or slight retracement to the entry zone would provide a healthier foundation for the next leg up toward higher resistance levels.
