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behdark
Oct 8, 2023 7:22 AM

STORJ is close to drop Short

Storj / TetherUSBinance

Description

Storj has been stuck in a resistance zone for a long time.

Now a trend line has been broken and the price hit it in the resistance zone and some new resistance zones that you can see on the chart with the names of mitigation OB and supply.

In my opinion, storj can move towards two announced targets from here.

I specified the invalidation level, closing 1 Daily candles above this level will violate the analysis

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

Trade active

We did not close the candlestick above the invalidation level.

As expected, we had a heavy rejection from the red range

Comments
MonoCoinSignal
Always appreciate your detailed charts, keep them coming!
behdark
@MonoCoinSignal, Thank you
SwallowPremium
We like the details that you have shared in your chart. It’s really good job. Well done mate!!
behdark
Solldy
The idea was not too informative. In general, many of the arguments I have already noted for myself, but supported my vision) Thanks for your publication, my friend!
behdark
@Solldy, Thanks you
AlloysK
Already implemented the idea. Thanks for sharing.
behdark
@AlloysK, You're welcome
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