🐋 $STRK broke above its six-month high of 0.06367, with 24-hour trading volume rising to 4 times the daily average.
There are usually short stop-loss orders and sell orders from holders trapped at higher prices above a swing high. The surge in volume means these orders have been absorbed. If buying continues after that, the price action may become smoother; if buyers suddenly disappear, beware of a spike followed by a pullback.
#STRK
This is not investment advice. You are responsible for your own risk.
There are usually short stop-loss orders and sell orders from holders trapped at higher prices above a swing high. The surge in volume means these orders have been absorbed. If buying continues after that, the price action may become smoother; if buyers suddenly disappear, beware of a spike followed by a pullback.
#STRK
This is not investment advice. You are responsible for your own risk.