STORJ/USDT Keep an eye on the Cup and Handle. Breakout or Fail ?

💎 STORJ has recently displayed notable market dynamics, currently in the process of moving upwards toward the resistance trendline of the Cup and Handle pattern.

💎 This pattern typically indicates a reversal to bullish movement, and if STORJ successfully breaks out above the pattern, Probability we may witness a significant upward movement toward our target area.

💎 However, if STORJ fails to break out and experiences a strong rejection at the resistance trendline, there is potential for the price to retreat downwards towards the support level, which was previously a key resistance zone.

💎 At the support level, it is crucial for STORJ to bounce, as this area represents the last line of defense for the bullish trend. A failure to bounce at this level could signal a shift in market sentiment towards bearishness, potentially leading to further downward movement.