Rejection confirmed at ๐0.071 โ the picture is changing โค๏ธ $STRK
Current price is 0.0681, and it started pulling back after rejecting the ๐0.071 level.
This strengthens the short possibility for now, but rejection alone does not confirm that the decline will continue.
A rejection at ๐0.071 means resistance held temporarily and may indicate sellers entering in this area.
Short plan after rejection confirmation๐
Entry point: now or on a rebound to 0.069โ0.070๐
Stop loss: 0.073โค๏ธ
First target: 0.065๐
Second target: 0.060๐
Third target: 0.052, ๐a potential support area on the 4-hour timeframe
Approximate risk-to-reward ratio: 1:2 ๐or better, depending on the actual entry price and execution.
Critical level to watch
If the price recovers, breaks above โค๏ธ0.071, and closes above it, the bearish scenario may be invalidated,โค๏ธ and the trade should be reassessed.
Summary
Rejection at ๐0.071 gives a potential short signal๐, but confirmation requires monitoring price action and trading volume. Do not risk more than 1 to 2 percent of your capital on the trade.
This is informational analysis, not investment advice.๐
Current price is 0.0681, and it started pulling back after rejecting the ๐0.071 level.
This strengthens the short possibility for now, but rejection alone does not confirm that the decline will continue.
A rejection at ๐0.071 means resistance held temporarily and may indicate sellers entering in this area.
Short plan after rejection confirmation๐
Entry point: now or on a rebound to 0.069โ0.070๐
Stop loss: 0.073โค๏ธ
First target: 0.065๐
Second target: 0.060๐
Third target: 0.052, ๐a potential support area on the 4-hour timeframe
Approximate risk-to-reward ratio: 1:2 ๐or better, depending on the actual entry price and execution.
Critical level to watch
If the price recovers, breaks above โค๏ธ0.071, and closes above it, the bearish scenario may be invalidated,โค๏ธ and the trade should be reassessed.
Summary
Rejection at ๐0.071 gives a potential short signal๐, but confirmation requires monitoring price action and trading volume. Do not risk more than 1 to 2 percent of your capital on the trade.
This is informational analysis, not investment advice.๐