$STRK | 1H SETUP ๐
My bias is bullish as long as the 1H structure holds, but this is still a counter-trend move against the weekly and BTC structure. So I want confirmation before entering.
Price pulled back after a sharp spike and is now consolidating above the 0.05216โ0.05120 demand + FVG zone.
Thatโs my preferred long area, but only if we get a strong bullish reaction โ ideally a pin bar, bullish engulfing, or a 5M/15M market structure shift.
๐ฏ Targets:
โข 0.06086 โ recent high/supply
โข 0.06440
โข 0.06848
โข 0.07004
โ ๏ธ If 0.05120โ0.05005 breaks, the next key support is around 0.04785.
A close below 0.04785 would invalidate the bullish structure.
Funding is mildly positive and OI is cooling after the recent ramp, so Iโd rather wait for confirmation than chase the move.
My bias is bullish as long as the 1H structure holds, but this is still a counter-trend move against the weekly and BTC structure. So I want confirmation before entering.
Price pulled back after a sharp spike and is now consolidating above the 0.05216โ0.05120 demand + FVG zone.
Thatโs my preferred long area, but only if we get a strong bullish reaction โ ideally a pin bar, bullish engulfing, or a 5M/15M market structure shift.
๐ฏ Targets:
โข 0.06086 โ recent high/supply
โข 0.06440
โข 0.06848
โข 0.07004
โ ๏ธ If 0.05120โ0.05005 breaks, the next key support is around 0.04785.
A close below 0.04785 would invalidate the bullish structure.
Funding is mildly positive and OI is cooling after the recent ramp, so Iโd rather wait for confirmation than chase the move.