STORUSDT Short into resistance!
As we can see from the chart STORUSDT has reached the daily resistance level (Purple line). Having already got a rejection from this level, it has now retraced into the 4hr order block and created an inside block candle followed by a false breakout candle. This is a strong reversal pattern.
I will be looking for a short from this level into the previous lows. Paying attention to price action at significant levels (50%-61.8% FIB) trend line and previous support.
Good luck!
I will be looking for a short from this level into the previous lows. Paying attention to price action at significant levels (50%-61.8% FIB) trend line and previous support.
Good luck!