$STRK K/USDT TECHNICAL ANALYSIS: LONG TRADE SIGNAL
Based on the 15m chart provided, the price of STRK is currently at $0.1486, showing clear bullish momentum after bouncing strongly from the 24-hour low of $0.1312. The price is trading above the MA 7 ($0.1465) and MA 25 ($0.1414), but below the MA 99 ($0.1561). The short-term MAs are crossing bullishly and ascending, supporting a continuation of the upward move.
Trade Setup: Long Entry (Momentum Continuation)
A long trade is signaled, aiming for a test of the longer-term resistance (MA 99) following the recent breakout from the consolidation range.
* Entry Price: Initiate a long trade at the current market price or on a slight pullback to the immediate MA 7 support.
* Suggested Entry: $0.1470 - $0.1490
* TP (Target 1): The immediate overhead resistance level (MA 99).
* Target 1: $0.1561 (MA 99)
* TP (Target 2): The recent local high/24-hour High.
* Target 2: $0.1694 - $0.1710
* SL (Stop Loss): Place the stop loss below the strongest immediate support (MA 25).
* Stop Loss: $0.1400 - $0.1410 (Below the MA 25)
Short Outlook of Market
The short-term outlook is bullish. STRK/USDT has experienced a solid bounce from the $0.1312 low, breaking out of a tight consolidation and reclaiming the MA 7 and MA 25. The challenge now lies at the MA 99 ($0.1561). A decisive break and close above the MA 99 would confirm a strong continuation of the rally toward the 24-hour high of $0.1565 and the local high of $0.1694. As long as the price remains above the ascending MA 25, the bullish momentum is intact.
