STORJ/USDT 4H

🧠 Chart Summary:

Current Price: $0.2722

24h High/Low: $0.2729 / $0.2589

Indicators:

EMA(21): $0.2641

EMA(50): $0.2714

EMA(200): $0.2790

RSI(6): 86.67 (🟡 Overbought zone)

🔼 Resistance Levels:

1. $0.2790–0.2830 → Strong resistance near EMA 200, which has previously rejected the price.

2. $0.3027 → Previous major peak; price reversed from here.

3. $0.3225–0.3377 → Previous top; strong supply zone.

🔽 Support Levels:

1. $0.2641–0.2632 → EMA 21 and recent support level.

2. $0.2589–0.2480 → Recent bottom and key reversal area.

3. $0.2435 → Historical support.

📈 Possible Long Entry (Bullish Setup):

Entry Zone: $0.2630–$0.2660 (on pullback to support/EMA21)

Confirmation: Price holding above $0.2640 + bullish candlestick (e.g., hammer, engulfing)

Targets:

🎯 TP1: $0.2790

🎯 TP2: $0.3027

🎯 TP3: $0.3225

Stop-Loss: Below $0.2580

📉 Possible Short Entry (Bearish Setup):

Entry Zone: $0.2780–$0.2830 (near EMA200 resistance)

Confirmation: Bearish candle (e.g., shooting star, bearish engulfing) + RSI still >70

Targets:

🎯 TP1: $0.2660

🎯 TP2: $0.2589

🎯 TP3: $0.2480

Stop-Loss: Above $0.2845

📊 Technical Insights:

RSI at 86.67 → Highly overbought; risk of correction.

EMA Alignment: Price reclaimed EMA21 and EMA50 → short-term strength.

EMA200 still above current price → major resistance not yet broken.