STR has been in a consolidation phase and resisted the recent market crash correction well only falling 21.99%. It has recovered quickly and the MACD and RSI look promising.
The recent propagation of STR into BTC addresses cause a drop in price so set stop accordingly but risk reward ratio is worth the trade in this case.
Buy zones: 180 261
Sell Zones: 171 525
Stop loss 157
Risk reward ratio:4.25
- Tenjin Crypto @Tenjin_Crypto
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As always, do not overextend on a position. Hold with 70% of portfolio and trade with 30% or less depending on your risk model.
Set alerts on blockfolio or whatever alert software you use for either sell areas or stop losses.