$STRK’s continuation conditions were triggered intraday, but price didn’t hold. In the afternoon, the price broke above the 0.0564 level set in the morning; the high was about 0.05666. Then, it completed a full 1-hour close at 0.05555, and the next hour saw a further pullback to 0.05391, around 0.05398 before 5pm.
This is not a direct short setup: the 24-hour trading volume has increased to about $214 million, and open interest rose by 48.3% from yesterday. Price is still holding above the 1-hour EMA20 (~0.05185). But after the breakout, price quickly gave it back—indicating real sell pressure around 0.0564, and the added positions are also increasing volatility risk.
Outcome: The strong continuation condition was briefly triggered, but the confirmation failed. There was no entry plan provided in the morning, so no trade was taken. Going forward, only if price re-closes and holds above 0.0564 should we consider continuation. If the 1-hour candle closes back below 0.051, then watch for 0.050; a breakdown below 0.050 means the strong structure is invalidated. #STRK #行情复盘
This is not a direct short setup: the 24-hour trading volume has increased to about $214 million, and open interest rose by 48.3% from yesterday. Price is still holding above the 1-hour EMA20 (~0.05185). But after the breakout, price quickly gave it back—indicating real sell pressure around 0.0564, and the added positions are also increasing volatility risk.
Outcome: The strong continuation condition was briefly triggered, but the confirmation failed. There was no entry plan provided in the morning, so no trade was taken. Going forward, only if price re-closes and holds above 0.0564 should we consider continuation. If the 1-hour candle closes back below 0.051, then watch for 0.050; a breakdown below 0.050 means the strong structure is invalidated. #STRK #行情复盘