On the 1-hour time frame, the price has also confirmed the breakout from the falling wedge, following a strong upward move. The demand zone around $0.5778 provided solid support, triggering the bullish rally.
Trade Summary:
Entry Price: $0.5813 First Target ($0.5978): HIT✅ Second Target ($0.6136): HIT✅ Third Target ($0.6284): HIT✅ $XRP
The bullish divergence on the RSI supported this breakout, confirming weakening bearish momentum. All take-profit targets were successfully achieved on the 1-hour chart as well, showing strength in the upward trend.
The price is currently moving in a falling wedge on the 15-minute frame, signaling a potential bullish breakout. It is approaching a key demand zone around $0.5778, indicating a strong support level.
A breakout above the wedge could lead to a move upwards, targeting the following levels:
First target: $0.5978 Second target: $0.6136 Third target: $0.6284 The RSI is showing a bullish divergence, confirming weakening downward momentum and increasing the likelihood of an upward move.
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STORJ is trading within a rising channel on the 1-hour chart, currently testing the lower support around 0.456. A break outside this channel could signal the next move.
🔹 Targets:
Break Above 0.462: Possible move toward 0.470 and 0.477. Break Below 0.455: Potential drop to 0.440 and 0.437.
RSI is neutral around 47.92, so watching for momentum shifts. Volume has been low, suggesting indecision. Stay alert for confirmation of the next breakout!