Hi dear patrons, hope you are well, and welcome to the new update on STORJ token.
On the weekly time frame chart, the price line of Storj has completed the final leg of bullish BAT. There is also 50 SMA support in the buying zone.
Buy and sell targets:
Buy between: $1.02 to $0.6673
Sell between: $1.87 to $3.15
Stop loss:
The maximum extent of buying zone $0.6673 can be used as stop loss, however in order to minimize the loss ratio I would suggest using weekly 50 simple moving average as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 370%, and the loss possibility is 35% however in order to minimize the loss ratio I would suggest using weekly 50 simple moving average as stop loss.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On the weekly time frame chart, the price line of Storj has completed the final leg of bullish BAT. There is also 50 SMA support in the buying zone.
Buy and sell targets:
Buy between: $1.02 to $0.6673
Sell between: $1.87 to $3.15
Stop loss:
The maximum extent of buying zone $0.6673 can be used as stop loss, however in order to minimize the loss ratio I would suggest using weekly 50 simple moving average as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 370%, and the loss possibility is 35% however in order to minimize the loss ratio I would suggest using weekly 50 simple moving average as stop loss.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
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