$STORJ /USDT Technical Analysis!🔥💯

The STORJ/USDT chart currently shows a price of $0.5310, with a 24-hour change of +7.77%. Recent price action indicates a pullback after testing the $0.5510 resistance. The 1-hour candlestick pattern reflects a minor consolidation, suggesting indecision but potential for further momentum.

Trading Plan

1. Long Entry: Consider entering a long position if the price sustains above $0.5350, indicating bullish continuation.

• Target: $0.5500 (short-term resistance) and $0.5800 (next major resistance).

• Stop Loss: $0.5200 to limit downside risk.

2. Short Entry: A short position may be viable if the price breaks below $0.5200, signaling bearish pressure.

• Target: $0.5000 (previous support zone).

• Stop Loss: $0.5400 to protect against reversals.

Key Observations

• The 90-day performance (+29.51%) and 180-day trend (+48.49%) indicate mid-term bullish strength.

• Intraday momentum suggests monitoring for a breakout above or below the consolidation range.

• Volume at 23M STORJ confirms active trading interest, which could enhance volatility.

Stay alert for confirmation signals on the next hourly close, and manage your risk carefully!

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