🚀 $STORJ Idea (4-Hour Chart) 🚀

▶️ Entry Zone: 0.3549 (Current price)

🛑 Stop Loss: 0.3414 (24h Low)

🎯 Take Profit 1: 0.3623 (50 EMA)

🎯 Take Profit 2: 0.4364 (Next resistance level)

📊 Analysis:

* The price is currently trading at 0.3549, slightly above the 9 EMA, indicating a potential short-term upward momentum.

* The 21 EMA is at 0.3555, close to the current price, which may act as immediate resistance.

* RSI(14) is at 48.7689, suggesting the market is neutral with no clear overbought or oversold conditions, allowing for potential movement in either direction.

* The MACD shows slight bullish momentum with the MACD line at 0.0006, above the signal line, but with a small positive histogram, indicating the early stages of a potential bullish crossover.

The current setup suggests that STORJ/USDT is in a neutral position with a slight bullish bias. A break above the 50 EMA could confirm further upward movement. However, caution is advised as the market could reverse if it fails to sustain above the 9 EMA.

⚠️ Caution:

* The RSI is neutral, providing room for movement in either direction.

* The overall trend remains uncertain until the price decisively breaks above the 50 EMA.

* Use tight stop-loss orders to manage risk, especially in a potentially volatile market.

#STORJ #USDT #TradingStrategy #TechnicalAnalysis #CryptoTrading