STORJ is close to drop

Oct 8, 2023

Storj has been stuck in a resistance zone for a long time.

Now a trend line has been broken and the price hit it in the resistance zone and some new resistance zones that you can see on the chart with the names of mitigation OB and supply.

In my opinion, storj can move towards two announced targets from here.

I specified the invalidation level, closing 1 Daily candles above this level will violate the analysis

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

Oct 12, 2023

Trade active

We did not close the candlestick above the invalidation level.

As expected, we had a heavy rejection from the red range