What if this $STRK breakout is actually the exit liquidity? đ§
Iâm opening a BIG SHORT on $STRK here.
TP: $0.0777
SL: $0.0995 đđ»
Look at chart $STRK already gave a very aggressive pump, and after breaking higher, price failed to keep expanding with the same strength.
Thatâs where I start getting interested in the other side.
A lot of late buyers usually enter after a breakout candle because the move already looks âconfirmed.â But if price starts slipping back below this area, those buyers become trapped very quickly.
And once that happens, the same move that looked bullish can reverse hard.
For me, $0.077â$0.078 is the important area below because thatâs where this move can easily come back to if the breakout fails.
Iâm treating this as a risky trade, so Iâm keeping the position controlled.
The pump already attracted the buyers. Now I want to see if the market makes them pay for entering late.
Iâm opening a BIG SHORT on $STRK here.
TP: $0.0777
SL: $0.0995 đđ»
Look at chart $STRK already gave a very aggressive pump, and after breaking higher, price failed to keep expanding with the same strength.
Thatâs where I start getting interested in the other side.
A lot of late buyers usually enter after a breakout candle because the move already looks âconfirmed.â But if price starts slipping back below this area, those buyers become trapped very quickly.
And once that happens, the same move that looked bullish can reverse hard.
For me, $0.077â$0.078 is the important area below because thatâs where this move can easily come back to if the breakout fails.
Iâm treating this as a risky trade, so Iâm keeping the position controlled.
The pump already attracted the buyers. Now I want to see if the market makes them pay for entering late.