🐳 $STRK Positioning watch:
Trading volume is 4× the 20-day average → a large amount of supply changed hands near a six-month high.
A high-volume breakout above the previous high of 0.06367 is usually interpreted in one of two ways: aggressive buyers swept the sell orders above the previous high (bullish), or a large holder used the breakout to distribute (bearish). To tell the difference, watch whether the price holds above the previous high after the breakout.
#STRK
Crypto assets are volatile. Don’t use too much leverage.
Trading volume is 4× the 20-day average → a large amount of supply changed hands near a six-month high.
A high-volume breakout above the previous high of 0.06367 is usually interpreted in one of two ways: aggressive buyers swept the sell orders above the previous high (bullish), or a large holder used the breakout to distribute (bearish). To tell the difference, watch whether the price holds above the previous high after the breakout.
#STRK
Crypto assets are volatile. Don’t use too much leverage.