$STRK #STRK If the rebound can't be sold into, don't force a bottom-fishing trade. The bears haven't relinquished control yet.
Candlestick timeframe: 1h
My bias: Bearish (trade with the trend; don't fight it emotionally)
$STRK #STRK Execution: Short the rebound, and wait for confirmation at key levels before increasing position size.
Key reasons: 1) STRKUSDT is down 9.245% over 24h, with a current price of around 0.076460 and 24h trading volume of around 229.17M; 2) The 1h close fell from 0.077020 to 0.076460, and the primary timeframe remains weak. 3) The 4h close fell from 0.077180 to 0.076460. Current open interest is around 388.74M, and the funding rate is around 0.0049%; the bounce looks more like an opportunity for bears.
Risk control: If the 1h price moves back above 0.077600, the bearish bias is invalidated.
$STRK #STRK Closing note: The direction is clear; execution comes down to discipline. For reference only; this is not investment advice.
Candlestick timeframe: 1h
My bias: Bearish (trade with the trend; don't fight it emotionally)
$STRK #STRK Execution: Short the rebound, and wait for confirmation at key levels before increasing position size.
Key reasons: 1) STRKUSDT is down 9.245% over 24h, with a current price of around 0.076460 and 24h trading volume of around 229.17M; 2) The 1h close fell from 0.077020 to 0.076460, and the primary timeframe remains weak. 3) The 4h close fell from 0.077180 to 0.076460. Current open interest is around 388.74M, and the funding rate is around 0.0049%; the bounce looks more like an opportunity for bears.
Risk control: If the 1h price moves back above 0.077600, the bearish bias is invalidated.
$STRK #STRK Closing note: The direction is clear; execution comes down to discipline. For reference only; this is not investment advice.