STR has been in a consolidation phase and resisted the recent market crash correction well only falling 21.99%. It has recovered quickly and the MACD and RSI look promising.
The recent propagation of STR into BTC addresses cause a drop in price so set stop accordingly but risk reward ratio is worth the trade in this case.
Buy zones:
180
261
Sell Zones:
171
525
Stop loss
157
Risk reward ratio:4.25
- Tenjin Crypto
@Tenjin_Crypto
Follow, share and like for more regular trading analysis. Comments welcome. Tweet for quick responses.
As always, do not overextend on a position. Hold with 70% of portfolio and trade with 30% or less depending on your risk model.
Set alerts on blockfolio or whatever alert software you use for either sell areas or stop losses.
#tenjincrypto #cryptocurrency #tradingsignals #analysis #buysellzone
The recent propagation of STR into BTC addresses cause a drop in price so set stop accordingly but risk reward ratio is worth the trade in this case.
Buy zones:
180
261
Sell Zones:
171
525
Stop loss
157
Risk reward ratio:4.25
- Tenjin Crypto
@Tenjin_Crypto
Follow, share and like for more regular trading analysis. Comments welcome. Tweet for quick responses.
As always, do not overextend on a position. Hold with 70% of portfolio and trade with 30% or less depending on your risk model.
Set alerts on blockfolio or whatever alert software you use for either sell areas or stop losses.
#tenjincrypto #cryptocurrency #tradingsignals #analysis #buysellzone