$STORJ has delivered a clean technical breakout on the 1H timeframe, confirming a shift in short-term market structure. After spending multiple hours in a tight consolidation range, price successfully defended the 0.134โ0.136 demand zone, indicating strong buyer interest at lower levels.
The breakout gained strength as bullish candles expanded with momentum, pushing price decisively back above the 0.142โ0.144 resistance area. This reclaim is a key signal that buyers are regaining control and that the market may be preparing for a continuation move to the upside.
๐ Technical Breakdown
Market Structure: Range โ Breakout
Timeframe: 1H
Momentum: Expanding bullish pressure
Bias: Bullish continuation
The consolidation phase acted as a base, and the successful defense of demand suggests smart money accumulation. Once resistance flipped into support, momentum accelerated โ a classic breakout-and-retest behavior.
๐ข Trade Plan (Long Setup)
Direction: Long
Entry Zone: 0.140 โ 0.145
Targets:
๐ฏ Target 1: 0.150
๐ฏ Target 2: 0.158
๐ฏ Target 3: 0.168
๐ง Outlook
As long as price holds above the reclaimed 0.142โ0.144 zone, bullish continuation remains favored. Volume expansion and strong candle closes support the case for higher targets being tested in the coming sessions.
โ ๏ธ As always, manage risk properly and adjust position size according to your strategy.
Momentum is back โ and $STORJ is back on the radar. ๐ฅ
#Binance #STORJ #TrendingTopic #CryptoNewss ๐
