đ $STRK is showing a potential technical setup!
The weekly chart on Bitget displays a prolonged corrective move followed by a potential macro bottoming structure forming near current historical lows around 0.0388 USDT.
đ The Technical Setup:
âą The Pattern: Macro falling wedge / bottom base
âą Short-term Target: 0.30 USDT
âą Macro Objective: 0.60 USDT
âą Market Structure: Potential reversal from long-term downtrend
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 0.0300 - 0.0388 USDT
âą Resistance: 0.1500 - 0.3000 USDT
âą Breakout Level: 0.0500 USDT
âą Stop Loss / Invalidation: 0.0250 USDT
đ Confirmation:
âą Volume: Neutral/standard volume
âą Momentum: Base consolidation phase
âą Trend: Macro downtrend testing key support
â ïž Invalidation:
A weekly close below 0.0250 USDT invalidates the reversal structure.
Monitor price action closely around current support zones for confirmation before entering positions.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#strk #crypto #BinanceSquare #tradingview #TechnicalAnalysis
The weekly chart on Bitget displays a prolonged corrective move followed by a potential macro bottoming structure forming near current historical lows around 0.0388 USDT.
đ The Technical Setup:
âą The Pattern: Macro falling wedge / bottom base
âą Short-term Target: 0.30 USDT
âą Macro Objective: 0.60 USDT
âą Market Structure: Potential reversal from long-term downtrend
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 0.0300 - 0.0388 USDT
âą Resistance: 0.1500 - 0.3000 USDT
âą Breakout Level: 0.0500 USDT
âą Stop Loss / Invalidation: 0.0250 USDT
đ Confirmation:
âą Volume: Neutral/standard volume
âą Momentum: Base consolidation phase
âą Trend: Macro downtrend testing key support
â ïž Invalidation:
A weekly close below 0.0250 USDT invalidates the reversal structure.
Monitor price action closely around current support zones for confirmation before entering positions.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#strk #crypto #BinanceSquare #tradingview #TechnicalAnalysis
