Think STRK can double again? This rally isn’t a reversal at all—it’s a liquidity trap being set for October 15.
The 14-day RSI shot past 87, open interest piled up to nearly $200 million in a single day, and derivatives trading volume reached several times that of spot. The weekly candle pushed above 0.119, far beyond the upper Bollinger Band at 0.097. Even worse, 127 million tokens are set to unlock on October 15, accounting for 3.37% of the circulating supply.
Once the artificial hype fueled by leverage meets the selling pressure from the token unlock, a cascade of liquidations among high-level longs is almost inevitable. Take profits and exit spot longs immediately. If price surges above 0.12, short into strength. Don’t try to catch the falling knife unless the weekly chart pulls back to the 0.097 Bollinger Band.
#Sui基金会向DATANetwork投资3000万美元 #STRK $STRK
#STRK $STRK
👇
The 14-day RSI shot past 87, open interest piled up to nearly $200 million in a single day, and derivatives trading volume reached several times that of spot. The weekly candle pushed above 0.119, far beyond the upper Bollinger Band at 0.097. Even worse, 127 million tokens are set to unlock on October 15, accounting for 3.37% of the circulating supply.
Once the artificial hype fueled by leverage meets the selling pressure from the token unlock, a cascade of liquidations among high-level longs is almost inevitable. Take profits and exit spot longs immediately. If price surges above 0.12, short into strength. Don’t try to catch the falling knife unless the weekly chart pulls back to the 0.097 Bollinger Band.
#Sui基金会向DATANetwork投资3000万美元 #STRK $STRK
#STRK $STRK
👇