$STRK USDT Long (trendline and support retest)
Price is ~0.07108 on the 15m chart, pulling back from the HH at ~0.0765 toward the rising trendline (~0.0705-0.0710) and the 0.06882 support level, with the Fib band just below at ~0.0660-0.0640.
Entry: 0.0690-0.0710 on a bounce off the trendline and 0.06882 (bullish 15m candle), or a safer entry on a 15m close above 0.0735
Stop loss: 0.0668 (below 0.06882 and the trendline)
TP1: 0.0735
TP2: 0.0765 (HH) TP3: 0.0800 (only if 0.0765 breaks with volume)
Notes:
Structure is bullish: higher lows along the trendline and a clear HH after the strong impulse up. The current drop is a pullback into support. The last few candles are bearish and price is right at the trendline, so wait for a bullish candle to confirm the hold instead of catching a falling knife. Skip the trade if a 15m candle closes below 0.0668; that breaks the trendline and the support level. Volume is not shown on this chart, so I can't confirm the strength of the move. Wait for a volume spike on any breakout. The 15m timeframe is noisy. Risk 1% or less and keep leverage low (3-5x).
Not financial advice.
@Binance Square Official #BitcoinReboundsTo$83K #EthereumLiquidationsHit$356M #BitcoinETFsSee$244MNetOutflows #Binance #ChartSniper
Price is ~0.07108 on the 15m chart, pulling back from the HH at ~0.0765 toward the rising trendline (~0.0705-0.0710) and the 0.06882 support level, with the Fib band just below at ~0.0660-0.0640.
Entry: 0.0690-0.0710 on a bounce off the trendline and 0.06882 (bullish 15m candle), or a safer entry on a 15m close above 0.0735
Stop loss: 0.0668 (below 0.06882 and the trendline)
TP1: 0.0735
TP2: 0.0765 (HH) TP3: 0.0800 (only if 0.0765 breaks with volume)
Notes:
Structure is bullish: higher lows along the trendline and a clear HH after the strong impulse up. The current drop is a pullback into support. The last few candles are bearish and price is right at the trendline, so wait for a bullish candle to confirm the hold instead of catching a falling knife. Skip the trade if a 15m candle closes below 0.0668; that breaks the trendline and the support level. Volume is not shown on this chart, so I can't confirm the strength of the move. Wait for a volume spike on any breakout. The 15m timeframe is noisy. Risk 1% or less and keep leverage low (3-5x).
Not financial advice.
@Binance Square Official #BitcoinReboundsTo$83K #EthereumLiquidationsHit$356M #BitcoinETFsSee$244MNetOutflows #Binance #ChartSniper