$STRK 5-minute decline of 3.49%, current price 0.07118. There are two possible scenarios from here:
① If it holds sideways on lower volume and climbs back above the starting point of the drop → this looks more like a shakeout
② If the rebound fails to reclaim that level and it falls below the 24-hour low of 0.0668 → the downtrend will most likely continue
I’d personally wait to see how the signs of stabilization play out before making a judgment. What do you think?
#STRK
Just sharing my thoughts. Make your own decisions about buying and selling.
① If it holds sideways on lower volume and climbs back above the starting point of the drop → this looks more like a shakeout
② If the rebound fails to reclaim that level and it falls below the 24-hour low of 0.0668 → the downtrend will most likely continue
I’d personally wait to see how the signs of stabilization play out before making a judgment. What do you think?
#STRK
Just sharing my thoughts. Make your own decisions about buying and selling.