๐ $STRK
SHORT setup โ Is a correction approaching? โ ๏ธ
$STRK has made a strong move up from the $0.0478 area to nearly $0.069, but is now approaching a major resistance zone between $0.071 and $0.073, where it may face selling pressure.
If buyers fail to break through this zone, we may see a downward correction and a potential short-selling opportunity, provided the price rejection is confirmed.
๐ด Trade setup (SHORT)
- Entry zone: $0.0680 โ $0.0690
- First target (TP1): $0.0640
- Second target (TP2): $0.0600
- Final target (TP3): $0.0570
- Stop loss (SL): $0.0750
๐ What am I watching?
A clear rejection from the $0.071โ$0.073 resistance zone could support the bearish scenario, while a breakout above it and holding there could invalidate the short-selling idea.
โ ๏ธ Important note: The stop loss on a short trade must be above the entry price, not below it. Therefore, the stop-loss level has been adjusted to $0.0750 instead of being placed below the entry.
Do not enter the trade without technical confirmation, and follow strict risk management.
SHORT setup โ Is a correction approaching? โ ๏ธ
$STRK has made a strong move up from the $0.0478 area to nearly $0.069, but is now approaching a major resistance zone between $0.071 and $0.073, where it may face selling pressure.
If buyers fail to break through this zone, we may see a downward correction and a potential short-selling opportunity, provided the price rejection is confirmed.
๐ด Trade setup (SHORT)
- Entry zone: $0.0680 โ $0.0690
- First target (TP1): $0.0640
- Second target (TP2): $0.0600
- Final target (TP3): $0.0570
- Stop loss (SL): $0.0750
๐ What am I watching?
A clear rejection from the $0.071โ$0.073 resistance zone could support the bearish scenario, while a breakout above it and holding there could invalidate the short-selling idea.
โ ๏ธ Important note: The stop loss on a short trade must be above the entry price, not below it. Therefore, the stop-loss level has been adjusted to $0.0750 instead of being placed below the entry.
Do not enter the trade without technical confirmation, and follow strict risk management.