STORJ/BTC (Strong 200D MA Dynamic Support)

STORJ/BTC

-Bounces off strong at 200D MA dynamic support
-Since it manages to get above the 1500 area
-New Key support is now established at around 1587-1600 range
-This new level of support must hold in the short term
-To potentially continue higher and break the downward resistance line
-I'm expecting a few weeks of consolidation
-If the descending trendline will stand as a strong barrier
-And if you are a breakout trader style
-You want to enter only after the trendline break
-Trade wisely and always follow your Plan