$STRK: Bearish Divergence Spotted on Downside Targets Ahead
SHORT SETUP STRK
Entry: $0.05500 - $0.05560
Stop Loss: $0.05751
Take Profit: $0.05088 (2R)
Key Levels: Support $0.04988 | Resistance $0.05657
Technical Analysis for $STRK: Price sits above EMA9/21/50/200, confirming a strong uptrend. ADX at 43 shows momentum, and MACD histogram stays positive. However RSI 86 and Stochastic 87 signal overbought conditions, and the orderbook shows an 18 % askside imbalance. A short near the 0.0555 resistance, with SL above 0.0571 and TP around 0.0513, targets a pullback.
Market Context: BTC remains bullish on 4h and 1d, up 0.17 % and market breadth is broadly positive (61.7 % green).
Will resistance cap a bounce, or can buyers reclaim it? Follow for more data-led market setups.
SHORT $STRK
SHORT SETUP STRK
Entry: $0.05500 - $0.05560
Stop Loss: $0.05751
Take Profit: $0.05088 (2R)
Key Levels: Support $0.04988 | Resistance $0.05657
Technical Analysis for $STRK: Price sits above EMA9/21/50/200, confirming a strong uptrend. ADX at 43 shows momentum, and MACD histogram stays positive. However RSI 86 and Stochastic 87 signal overbought conditions, and the orderbook shows an 18 % askside imbalance. A short near the 0.0555 resistance, with SL above 0.0571 and TP around 0.0513, targets a pullback.
Market Context: BTC remains bullish on 4h and 1d, up 0.17 % and market breadth is broadly positive (61.7 % green).
Will resistance cap a bounce, or can buyers reclaim it? Follow for more data-led market setups.
SHORT $STRK
