Technical analysis by RayHanBros about Symbol STORJ: Sell recommendation (7/5/2025)

📊 Key Technical Insights1. Price StructurePrice recently rejected near 0.2550–0.2575 zone (supply/resistance).Lower highs forming, indicating bearish market structure.Current price (~0.2444) is just under minor resistance, which may confirm the start of a new leg down.2. Risk-Reward RatioRisk: ~0.0131 (from 0.2444 to 0.2575)Reward: ~0.0258 (from 0.2444 to 0.2186)RRR: ~1:2 — Good risk-to-reward ratio.3. Support ZonesMinor support: 0.2330–0.2300 area — could act as TP1.Major support (TP2): 0.2186 — aligns with historical price reaction.4. Candlestick BehaviorRejection wicks seen near the 0.2550 zone, confirming supply presence.Recent candles show selling pressure dominating.---📉 Trade Plan SummaryComponentLevelSell Entry~0.2444Stop Loss0.2575TP1~0.2300TP2 (Main)0.2186TrendBearish---✅ Confluences Supporting the Short SetupDouble/triple top formation around 0.2570.Lower highs and bearish market structure.Price rejected strongly from resistance zone.Clean support zones below offer logical targets.---🚨 CautionIf price breaks and closes above 0.2575 with strength, the bearish setup becomes invalid.Watch for fakeouts or consolidation between 0.2400–0.2500.