$STRK UPDATE
$STRK is in a complete down trend, let's analyse and see if we can get some trade opportunities. Important level to watch for this coin is 0.0965(support level in the past), currently it is consolidating below this level and it's been 27 days. I will guide you about this level how things actually work and share possible scenarios. Here is one more thing to watch which is the support trend line that is being connected with the swing low and
$STRK is holding and respecting this trend line.
POSSIBLE SCENARIO
1. If price close above or consolidate above 0.0965 resistance level in coming days then this level will act as support that means price is expected to continue it's uptrend. we can watch for Buy setup above this level.
2. If price fail to reclaim this level and continue downward we have to keep our eyes on the support trendline to see if price wants to continue it's bearish trend or we can get some sort of bullish reaction again from the trendline, Incase price breakdown support trend line it is expected to bleed further. according to technical this trend line is the last hope for the bulls.
THINGS TO LEARN FROM THIS POST
1. Always look for facts that support your trade plan
2. Don't trade in hope, come up with logic and facts
3. Watch important levels on the graph, trade these levels in either direction you want to trade and come up with stuff that support your plan.
4. Don't trade in-between, most of the people lose money doing this
5. Improve your technical and graph knowledge, graph tells you everything.
6. Everything shared above is based on technical and market experience and nothing about fundamentals is being discussed.
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#strk #BNBGiveaway