It looks as STORJ is moving in a channel against ETH and may be starting a new upward movement. I am holding STORJ (I consider this as a promising project fundamentally) however based on price movement around the top of the channel I may short a portion of my portfolio and may buy back upon retrace. Level to short if e.g. RSI and Stoch RSI may support potential retrace is approx. 0.0026. Currently RSI and Stoch RSI shows price reversal so upward price movement to 0.0026 levels may be expected. So I keep this analysis neutral. There may be buy opportunity developing currently however as holder I am thinking in shorting later. Please note – this is my personal view on status. Please trade carefully!
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On the run again - let's see how it develops further.
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I am slightly adjusting the level for shorting based on a potential resistance level between 0.00245 - 0.0025. While it may peak further this level can be good to monitor for price movement.
Trade active
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TP: 0.0019 SL: 0.0029 RR ratio: 1.5:1
Trade closed: target reached
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well, 0.00190001 I consider as reached. With exiting at 0.0025 31.5% profit secured.