Open interest +13.9% in 24h while price moved +10.2%. Short $STRK at 0.0586 👀
If 0.0586 holds, sellers could drive the price down to 0.0571. If it breaks 0.0602, I step aside and reevaluate.
What backs it:
- 4H price at 0.0584 is above EMA50 at 0.0467, making this a fade against the trend.
- 1H RSI at 63: stretched, indicating room to cool off.
- 56% of accounts are long, suggesting balanced positioning.
🔴 SHORT · Entry 0.05824–0.05861 · TP 0.05709 / 0.05620 / 0.05487 · SL 0.06021
Will sellers defend the level or will it break?
NFA · DYOR
If 0.0586 holds, sellers could drive the price down to 0.0571. If it breaks 0.0602, I step aside and reevaluate.
What backs it:
- 4H price at 0.0584 is above EMA50 at 0.0467, making this a fade against the trend.
- 1H RSI at 63: stretched, indicating room to cool off.
- 56% of accounts are long, suggesting balanced positioning.
🔴 SHORT · Entry 0.05824–0.05861 · TP 0.05709 / 0.05620 / 0.05487 · SL 0.06021
Will sellers defend the level or will it break?
NFA · DYOR
