👀 $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.
🔴 Bias: SHORT while price holds below 0.06112
📍 Entry: 0.060825 – 0.061422
🛑 Stop: 0.075048 (22.8% from entry)
🎯 TP1: 0.06016 (+1.6%)
📊 R:R to TP1: 0.07:1
Why now?
• EMA20 0.063414 < EMA50 0.067629 < EMA200 0.077407: bearish trend structure
⚠️ 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.
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.
🔴 Bias: SHORT while price holds below 0.06112
📍 Entry: 0.060825 – 0.061422
🛑 Stop: 0.075048 (22.8% from entry)
🎯 TP1: 0.06016 (+1.6%)
📊 R:R to TP1: 0.07:1
Why now?
• EMA20 0.063414 < EMA50 0.067629 < EMA200 0.077407: bearish trend structure
⚠️ 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.