šŸ‘€ $STRK closed below 0.06112 on the 1H. Is the follow-through worth trading?

STRK closed below 0.06112 1 closed candle ago with volume 1.49x its 20-candle average. A later retest of 0.06112 held on a closed candle.

šŸ”“ Bias: SHORT while price holds below 0.06112
šŸ“ Entry: 0.060825 – 0.061422
šŸ›‘ Stop: 0.075048 (22.8% from entry)
šŸŽÆ TP1: 0.06016 (+1.6%)
šŸ“Š R:R to TP1: 0.07:1

Why now?
• EMA20 0.063414 < EMA50 0.067629 < EMA200 0.077407: bearish trend structure

āš ļø Invalid above 0.075048, or on a close back over 0.06112. Do not chase outside the entry zone.

Does the volume convince you?

#CryptoTrading

This is a technical read, not financial advice.