$STRK : Reasonable Correction or Danger Signal? Check the Best Sweeping Areas! 🚀📉

Post Content:

Starknet (STRK) is showing solid performance, forming a neat Ascending Channel pattern on the 4-Hour timeframe. After touching resistance at $0.279, the price is now experiencing a healthy correction.

Indicator Analysis:

• Chart Pattern: Price continues to respect the uptrend line (orange line).

• Stochastic RSI: Overbought and trending downwards, indicating a potential short-term decline towards the dynamic support area.

• Bollinger Bands: Price is seeking a foothold in the Middle Band (Purple Line).

Trading Scenario (Long Limit Setup):

Rather than chasing a falling price, it's wiser to wait in the discount area (Buy on Weakness).

• Entry Zone (Buy Limit): $0.2200 - $0.2250 (Meeting Area of ​​Middle BB & Fib 0.236)

• TP 1 (Safe): $0.2580

• TP 2 (Optimistic): $0.2795 (Previous High)

• SL (Stop Loss): $0.2080 (If the channel breaks downwards)

Quick Tip:

Pay attention to the StochRSI. When the line is above 80 and then dips downwards, the price will usually be briefly discounted. This is the best time for scalpers to wait for an entry, not when the price is in the thick green!

Disclaimer: Do Your Own Research (DYOR). This is a technical perspective, not definitive financial advice.

#STRK#Starknet#Binance#CryptoAnalysis #TradingStrategy