$STRK: Lower High Pattern Confirmed: Short Target in View
SHORT SETUP STRK
Entry: $0.05590 - $0.05610
Stop Loss: $0.05800
Take Profit: $0.05200 (2R)
Key Levels: Support $0.05466 | Resistance $0.05698
Technical Analysis for $STRK: Price sits below the 9EMA (0.05637) while still above the 21EMA, and MACD histogram is negative, signalling short pressure. ADX at 40 confirms a strong trend. Target the 0.05466 support; invalidate above 0.0580. SHORT bias targets continuation toward support, with resistance as the invalidation level. The stop loss defines the risk level for this setup.
Market Context: BTC is down 1.75% on the 4hour chart, and overall market breadth is broadly negative with 83% red assets.
SHORT $STRK
SHORT SETUP STRK
Entry: $0.05590 - $0.05610
Stop Loss: $0.05800
Take Profit: $0.05200 (2R)
Key Levels: Support $0.05466 | Resistance $0.05698
Technical Analysis for $STRK: Price sits below the 9EMA (0.05637) while still above the 21EMA, and MACD histogram is negative, signalling short pressure. ADX at 40 confirms a strong trend. Target the 0.05466 support; invalidate above 0.0580. SHORT bias targets continuation toward support, with resistance as the invalidation level. The stop loss defines the risk level for this setup.
Market Context: BTC is down 1.75% on the 4hour chart, and overall market breadth is broadly negative with 83% red assets.
SHORT $STRK