🔻 $STORJ /USDT – Breakdown Brewing After Rejection! ⚠️
$STORJ tried reclaiming the $0.3100 zone but got slapped down hard, forming a clear series of lower highs and lower lows on the 15M chart. With increasing sell pressure and weakening bounces, a short opportunity is shaping up as it grinds toward support.
📉 Short Trade Setup:
• Entry Zone: $0.2900 – $0.2950
• Stop Loss: Above $0.3040
• Target 1 (TP1): $0.2850
• Target 2 (TP2): $0.2700
📊 Technical View:
Price action is bearish with rejection wicks at highs, weakening RSI, and fading volume — all classic signs of seller dominance on lower timeframes.
⚠️ Risk Note:
If price reclaims $0.3040 with strength, exit quickly — that would invalidate the setup and flip the structure bullish.
🧠 Strategy Breakdown:
This is a pullback short trade, targeting continuation of the current downtrend. Entries are positioned just under resistance, aiming for support levels with tight risk management.
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