🚨 $STRK has lost its H1 bullish structure, but I’m not chasing a Short after the drop.
The analyzed H1 candle closed at $0.05321, confirming a break below $0.05674 and the earlier $0.05401 support.
🔴 BEARISH BIAS — NO ENTRY YET: I’m waiting for a bounce into $0.05600–$0.05674 and a failed retest, with SL at $0.05950, TP1 at $0.05250 and TP2 at $0.04980.
That gives roughly 2.10:1 R to TP2 from the entry midpoint; an H1 close above $0.05936 invalidates the thesis—will sellers defend the retest zone? 👀
$STRK #Wyckoff #SMC — Paper analysis only, not financial advice.
The analyzed H1 candle closed at $0.05321, confirming a break below $0.05674 and the earlier $0.05401 support.
🔴 BEARISH BIAS — NO ENTRY YET: I’m waiting for a bounce into $0.05600–$0.05674 and a failed retest, with SL at $0.05950, TP1 at $0.05250 and TP2 at $0.04980.
That gives roughly 2.10:1 R to TP2 from the entry midpoint; an H1 close above $0.05936 invalidates the thesis—will sellers defend the retest zone? 👀
$STRK #Wyckoff #SMC — Paper analysis only, not financial advice.
