MyCryptoParadise

STORJ/USDT Process to retesting phase on the the support area.

BINANCE:STORJUSDT   Storj / TetherUS
πŸ’Ž STORJ has been capturing significant attention in the market It is currently in a retesting phase at what used to be a resistance level, now serving as support.

πŸ’Ž There is a Probability that if STORJ successfully breaks out of the supply area early, before fully entering the retesting phase, it might continue its upward journey without needing to retest at the support level.

πŸ’Ž The retesting phase will be considered valid if STORJ manages a bounce from the support area and resumes its upward movement. Should this occur, there's a high chance that STORJ could reach our target in the strong resistance zone.

πŸ’Ž However, if STORJ fails to rebound from the support area and instead breaks below it, the next critical level to watch would be the demand area.

πŸ’Ž In the demand zone, a robust recovery is crucial for STORJ. It's necessary for STORJ to demonstrate a strong bounce to either reclaim the lost support or achieve a breakout of the resistance to continue its upward trajectory. If STORJ fails to show a positive response in this area and breaks down further, it could signal a shift back to a bearish trend. This would potentially lead to further downward movement towards a more significant support area.

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