Just reviewed this chart, and the interesting part is how quickly buyers stepped in after STRK spent several candles drifting lower.
$STRK /USDT — LONG, BUT WAIT FOR CONFIRMATION
Trade Plan
Entry: 0.0895–0.0910 after a successful retest
SL: 0.0855
TP1: 0.0965
TP2: 0.1030
TP3: 0.1120
Why this setup?
The 4H chart shows a strong bullish candle pushing price above MA(7) at 0.08191 and MA(25) at 0.08958, backed by a noticeable volume increase. However, price is already up 24.40% in 24 hours and approaching resistance around 0.0965, so entering immediately could mean chasing an extended move.
For $STRK , I would prefer a controlled pullback that holds above the breakout area. A rejection and loss of 0.0895 would weaken the setup; if price never retests, I would rather miss the entry than force it.
No clean retest, no entry.
#CryptoTrading #BinanceSquare
$STRK /USDT — LONG, BUT WAIT FOR CONFIRMATION
Trade Plan
Entry: 0.0895–0.0910 after a successful retest
SL: 0.0855
TP1: 0.0965
TP2: 0.1030
TP3: 0.1120
Why this setup?
The 4H chart shows a strong bullish candle pushing price above MA(7) at 0.08191 and MA(25) at 0.08958, backed by a noticeable volume increase. However, price is already up 24.40% in 24 hours and approaching resistance around 0.0965, so entering immediately could mean chasing an extended move.
For $STRK , I would prefer a controlled pullback that holds above the breakout area. A rejection and loss of 0.0895 would weaken the setup; if price never retests, I would rather miss the entry than force it.
No clean retest, no entry.
#CryptoTrading #BinanceSquare