Trade Setup:
$STRK /usdt
Trade Pair and Type: Short Trade Signal
Entry: $0.2086 (current price)
Stop Loss: $0.2823 (previous significant resistance level)
Targets:
Target 1: $0.1772 (24-hour low)
Target 2: $0.1462 (next support level below the 24-hour low)
Reason:
The chart shows a strong downtrend with a sharp decline, breaking key support levels. High selling pressure (indicated by the 24-hour volume) suggests the bearish momentum may continue.
Risk/Reward Ratio: Approximately 1:2 or better, depending on the stop-loss and targets set.
Tip:
Use proper risk management by risking no more than 1–2% of your capital per trade.
Monitor the 15-minute and 1-hour timeframes for potential signs of reversal before entering.
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