$STRK is bucking the trend, down 7.7% at 0.10192. Meanwhile, BTC is around 83956 (+1.2%) and ETH is up 2.5%. The market is rising while this token is getting dumped—that’s a pretty clear pattern. On Gate perpetuals, the 24-hour high is 0.12656 and the low is 0.10053, for a range of about 25.9%. Volume is around 92 million U, and the funding rate is +0.005%, so longs aren’t crowded.
Price action: At around 11 p.m. last night, volume surged to about 11 million U as the price climbed to 0.1219. It made another run at 7 a.m. today, reaching the daily high of 0.12656, but hasn’t reclaimed 0.125 since. During the 10 a.m. hour, about 4.56 million U in volume drove it straight down from 0.1247 to 0.1112. At 11 a.m., another 4.95 million U kept the pressure on, pushing it to 0.1072. After noon, each rebound peaked lower: 0.1096, 0.1083, then 0.1067. It tested the daily low of 0.10053 at 3 p.m. and is now hovering around 0.102.
Why: BTC and ETH are rising, drawing funds toward the major coins. STRK just had a rally yesterday, and holders are now taking profits at higher levels—every rebound is getting sold off.
My trade: Short, 3x leverage. Enter on a rebound to 0.1065–0.1075, stop-loss at 0.1100. Take profit first at 0.1005, then at 0.0985. Keep the position under 10% of the portfolio. If it breaks below 0.1005, don’t chase the short—wait for a bounce. If BTC gets above 84500 and lifts altcoins with it, close the short.
Price action: At around 11 p.m. last night, volume surged to about 11 million U as the price climbed to 0.1219. It made another run at 7 a.m. today, reaching the daily high of 0.12656, but hasn’t reclaimed 0.125 since. During the 10 a.m. hour, about 4.56 million U in volume drove it straight down from 0.1247 to 0.1112. At 11 a.m., another 4.95 million U kept the pressure on, pushing it to 0.1072. After noon, each rebound peaked lower: 0.1096, 0.1083, then 0.1067. It tested the daily low of 0.10053 at 3 p.m. and is now hovering around 0.102.
Why: BTC and ETH are rising, drawing funds toward the major coins. STRK just had a rally yesterday, and holders are now taking profits at higher levels—every rebound is getting sold off.
My trade: Short, 3x leverage. Enter on a rebound to 0.1065–0.1075, stop-loss at 0.1100. Take profit first at 0.1005, then at 0.0985. Keep the position under 10% of the portfolio. If it breaks below 0.1005, don’t chase the short—wait for a bounce. If BTC gets above 84500 and lifts altcoins with it, close the short.