Long Entry at LT Support and Falling Wedge Breakout for STORJ
Greetings, Snipers!
The crypto market had a lovely rally yesterday, which opened doors for some delicious breakout sniping!
My eyes are on STORJ:
In the shorter time frame, we can trade this channel:
We can take a long-entry now, at $0.26 - $0.29, and sell at $0.447 for a Risk-Reward ratio around 5x (SL at $0.234).
Other resistance levels are marked on the chart.
Please be mindful that Bitcoin is testing a strong resistance at $17,500 - $18,000, so manage your risks well as most cryptos move with Bitcoin!
Happy Sniping!
The crypto market had a lovely rally yesterday, which opened doors for some delicious breakout sniping!
My eyes are on STORJ:
- The price earlier hunted for stops at $0.24 and bounced to complete the falling wedge pattern
- STORJ has now broken out of a long-term falling wedge
- STORJ is re-testing a strong long-term support (since 2020) at $0.26
- In the past, STORJ has the tendency for quick, strong rebounds
In the shorter time frame, we can trade this channel:
We can take a long-entry now, at $0.26 - $0.29, and sell at $0.447 for a Risk-Reward ratio around 5x (SL at $0.234).
Other resistance levels are marked on the chart.
Please be mindful that Bitcoin is testing a strong resistance at $17,500 - $18,000, so manage your risks well as most cryptos move with Bitcoin!
Happy Sniping!
Dagangan ditutup: sasaran tercapai
Sniped!STORJ reached the target.
It's hard to not make money during this rally ;)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.