🔴🚨$STRK 👈What if this $STRK breakout is actually just liquidity for sellers to exit? 🧐
I’m opening a LARGE SHORT position here:
🎯TP: $0.0777👈
🛑SL: $0.13 👇🏻
Looking at the chart, $STRK had a very strong rally, but after breaking higher, the price couldn’t keep extending its gains with the same strength.🥶
That’s when I started paying attention to the opposite side🔴.📉
Many late buyers often enter after a breakout candle because the upward momentum looks “confirmed” at that point. But if the price starts slipping below this area, those buyers will quickly get trapped.📉💪
I’m opening a LARGE SHORT position here:
🎯TP: $0.0777👈
🛑SL: $0.13 👇🏻
Looking at the chart, $STRK had a very strong rally, but after breaking higher, the price couldn’t keep extending its gains with the same strength.🥶
That’s when I started paying attention to the opposite side🔴.📉
Many late buyers often enter after a breakout candle because the upward momentum looks “confirmed” at that point. But if the price starts slipping below this area, those buyers will quickly get trapped.📉💪