Long Entry at LT Support and Falling Wedge Breakout for STORJ

١٠ يناير ٢٠٢٣

Greetings, Snipers!

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!

٨ فبراير ٢٠٢٣

أغلقت الصفقة: تم الوصول للهدف

Sniped!

STORJ reached the target.

It's hard to not make money during this rally ;)