$STRK under pressure: key support is cracking, and there’s nothing beneath it*👀
📉 After a sharp move up to $0.060, $STRK moved into a correction and ran into a key 4H support zone (around $0.0503–0.0510). The price isn’t bouncing; it’s slowly “trading through” the level. This kind of sluggish action at support often means buyers are gradually running out.
🧱 This is an important zone: there are practically no strong levels lower on the chart for the price to hold on to. The last time this area was occupied was before the impulse move, and beyond it lies a liquidity vacuum all the way down to around $0.047.
🎯 The key trigger is a break and close below $0.05062. If that happens, I expect an impulsive move down: the first target is $0.048, followed by the $0.047 area. As long as the price holds within the zone, I’m staying on watch: the main scenario is a continued correction.
🛡 Invalidation scenario: a move back above $0.0525, followed by consolidation and a break out of the zone to the upside. That would ease the pressure on support, and we could expect another test of $0.053–0.054. Without that, I’m trading levels only, with no rush.
💬 What do you think: will $0.05062 hold, or are we in for a quick drop to $0.047?
❗️ Stay alert and be careful. Always manage your risk.
$STRK
📉 After a sharp move up to $0.060, $STRK moved into a correction and ran into a key 4H support zone (around $0.0503–0.0510). The price isn’t bouncing; it’s slowly “trading through” the level. This kind of sluggish action at support often means buyers are gradually running out.
🧱 This is an important zone: there are practically no strong levels lower on the chart for the price to hold on to. The last time this area was occupied was before the impulse move, and beyond it lies a liquidity vacuum all the way down to around $0.047.
🎯 The key trigger is a break and close below $0.05062. If that happens, I expect an impulsive move down: the first target is $0.048, followed by the $0.047 area. As long as the price holds within the zone, I’m staying on watch: the main scenario is a continued correction.
🛡 Invalidation scenario: a move back above $0.0525, followed by consolidation and a break out of the zone to the upside. That would ease the pressure on support, and we could expect another test of $0.053–0.054. Without that, I’m trading levels only, with no rush.
💬 What do you think: will $0.05062 hold, or are we in for a quick drop to $0.047?
❗️ Stay alert and be careful. Always manage your risk.
$STRK