📉 $STORJ /USDT Short Position Idea 📉

The market is showing a strong rejection at the higher levels, and the current price action indicates a potential breakdown. Here is a technical breakdown of the short trade setup based on the 1-hour chart.

Shot Trade Position

Entry Zone:0.129-0.126

🎯TP1:0.115

🎯TP2:0.110

🎯TP3:0.109

Stop Loss(SL):0.1372

🔍 Why this short position?

Rejection at Resistance: Price attempted to pump towards 0.1465 but faced heavy selling pressure, leaving long upper wicks (liquidity sweep).

Volume Profile Indicator: The high-volume node is acting as strong overhead resistance near the 0.1372 area, making it an ideal invalidation point for this short setup.

Bearish Momentum: On the 1H timeframe, a clear bearish structure is forming as the price breaks below minor support levels.

Risk-to-Reward (R:R): This setup offers a very clean risk-to-reward ratio, targeting a drop back toward the 0.1090 key support zone.

Click here to Trade 👇️