$STRK | 🔴 SHORT — Don’t chase Shorts around the $0.040 zone. I’m waiting for a pullback for a better entry.
After several strong pumps followed by a sudden dump back, STRK is currently ranging around $0.04037. The volume below has contracted, suggesting that sell pressure is temporarily easing.
However, the $0.042–$0.044 area is still a zone with dense trading activity. If price pulls back into this region, it’s worth watching for the possibility of another rejection wick.
SHORT plan
* Entry: 0.0418 – 0.0425
* SL: 0.0448
* TP1: 0.0380
* TP2: 0.0345 – 0.0350
The key level is 0.0448. If price breaks above and holds this zone, the Short scenario would no longer be valid. As for around $0.040, I don’t want to chase entries because the downside room isn’t attractive enough yet.
Will STRK get rejected at $0.042–$0.044, or will this time the breakout be real? 👀
⚠️ This content is for educational purposes only and not investment advice. DYOR.
After several strong pumps followed by a sudden dump back, STRK is currently ranging around $0.04037. The volume below has contracted, suggesting that sell pressure is temporarily easing.
However, the $0.042–$0.044 area is still a zone with dense trading activity. If price pulls back into this region, it’s worth watching for the possibility of another rejection wick.
SHORT plan
* Entry: 0.0418 – 0.0425
* SL: 0.0448
* TP1: 0.0380
* TP2: 0.0345 – 0.0350
The key level is 0.0448. If price breaks above and holds this zone, the Short scenario would no longer be valid. As for around $0.040, I don’t want to chase entries because the downside room isn’t attractive enough yet.
Will STRK get rejected at $0.042–$0.044, or will this time the breakout be real? 👀
⚠️ This content is for educational purposes only and not investment advice. DYOR.
