STORJ has broken out of its downchannel a month or so ago and made two nice waves with deep retracements each time. It might bounce up and down the trendline for a bit more time, but at this point STORJ is already oversold on the 4h and daily charts, so one of these days we could expect a good move upwards towards the upper trendline.
Entry at this point and a stoploss a bit below the blue box would be a nice setup.
Entry at this point and a stoploss a bit below the blue box would be a nice setup.
Trade closed: stop reached:
Got stopped out. Set-up failed for now. But might see STORJ coming back in to the channel someday.
