On 21 Dec I have published longs opportunities in Stratis. Even though I have not pulled the trigger - our support acted very well as we have expected. I am watching if daily can close above monthly rolling VWAP by that will be created S/R Flip where you can long. The target would be level 6300 satoshis.
Previous notes from Analysis on 21 Dec: - One of the strongest altcoin what I have found. - Closed daily above 50,100 and 200 DMA and also closed above last 4 monthly close VWAP. - There is still room for target 6760 satoshis. - I will like to enter now and add more on retracements.
Price has not closed above range as we have outlined, by that there is no S/R flip so far. I wanted to see 5063 to holds as support. So far it looks like price will raid stops at 4543 sats and I will be looking for support at 4229.
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Update on STRAT We had rejection at 5100 levels. I wanna see two reactions for longs. Reclaimed 5100 sats or holds support at 4400 sats. I would completely close this idea (my long bias) if we will not find any strength at these two key levels.
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