$STRK saw a $9.7706K long liquidation at $0.07051, suggesting that leveraged longs faced pressure around this price. The event raises the possibility of further downside if sellers maintain control and price fails to reclaim the liquidation zone. From an SMC/ICT perspective, look for a bearish CHOCH, a lower high, and rejection from a potential supply area. A quick recovery above the zone could instead signal a liquidity sweep and invalidate the bearish continuation idea.
📉 Trade Plan
Bias: SHORT after confirmation
Entry: $0.0702–$0.0707
TP1: $0.0690
TP2: $0.0678
TP3: $0.0662
SL: $0.0716
Risk-to-Reward: Approximately 1:1 to 1:3
Trade Grade: B — provisional
Trade Thesis: Sustained trading below $0.07051, combined with a failed retest, would favor additional selling pressure. Watch for bearish momentum and a structure break rather than assuming that long liquidations guarantee further declines. Wyckoff phase and specific FVG levels cannot be verified from the available data.
Risk Management: Wait for a confirmed rejection, avoid chasing an extended candle, and use disciplined position sizing.$STRK
📉 Trade Plan
Bias: SHORT after confirmation
Entry: $0.0702–$0.0707
TP1: $0.0690
TP2: $0.0678
TP3: $0.0662
SL: $0.0716
Risk-to-Reward: Approximately 1:1 to 1:3
Trade Grade: B — provisional
Trade Thesis: Sustained trading below $0.07051, combined with a failed retest, would favor additional selling pressure. Watch for bearish momentum and a structure break rather than assuming that long liquidations guarantee further declines. Wyckoff phase and specific FVG levels cannot be verified from the available data.
Risk Management: Wait for a confirmed rejection, avoid chasing an extended candle, and use disciplined position sizing.$STRK