$STRK 24h is up 32.87%, now at 0.07405, while BTC is only down 0.23%—this is a coin being fueled by its own inflows.
The chart has been climbing in steps: around 19:00 last night, about 1.33 million U pushed it up to 0.06156, then it pulled back. Between 05:00 and 07:00 this morning, volume thinned out and it moved sideways around 0.055. It started turning around at 09:00; at 10:00, about 810,000 U lifted it to 0.06484; at 11:00, about 1.04 million U took it above 0.067; at 12:00, about 1.98 million U pushed it to 0.07245; and at 16:00, about 1.89 million U sent it straight to the day's high of 0.07667. It was then knocked back to 0.0726, and has now bounced to 0.074. Gate perpetuals saw about 20.83 million U in 24-hour volume, so this isn't a thin market. The funding rate is -0.0087%, meaning shorts are still paying—there are still traders betting on a pullback.
My take: it's risen fast, but the 0.0767 high has already been rejected once. Chasing it now means being the last one holding the bag.
Conclusion: Don't chase. Consider a small long on a pullback to 0.0715–0.072, with a stop at 0.0695; only look toward 0.08 if it breaks above 0.0767. If BTC falls below 82,000, exit the long immediately.
The chart has been climbing in steps: around 19:00 last night, about 1.33 million U pushed it up to 0.06156, then it pulled back. Between 05:00 and 07:00 this morning, volume thinned out and it moved sideways around 0.055. It started turning around at 09:00; at 10:00, about 810,000 U lifted it to 0.06484; at 11:00, about 1.04 million U took it above 0.067; at 12:00, about 1.98 million U pushed it to 0.07245; and at 16:00, about 1.89 million U sent it straight to the day's high of 0.07667. It was then knocked back to 0.0726, and has now bounced to 0.074. Gate perpetuals saw about 20.83 million U in 24-hour volume, so this isn't a thin market. The funding rate is -0.0087%, meaning shorts are still paying—there are still traders betting on a pullback.
My take: it's risen fast, but the 0.0767 high has already been rejected once. Chasing it now means being the last one holding the bag.
Conclusion: Don't chase. Consider a small long on a pullback to 0.0715–0.072, with a stop at 0.0695; only look toward 0.08 if it breaks above 0.0767. If BTC falls below 82,000, exit the long immediately.