After forming a double bottom structure around the 1H level at 0.0456 with increased volume rebound, the RSI has turned upward from the oversold zone, indicating a short-term momentum return. Although the 4H level remains in a downward channel, the latest candlestick closed bullish, and the buying ratio $STRK 0.62( has significantly rebounded, suggesting an oversold rebound demand. The order book shows sell orders accumulating above 0.0465; once broken, a short squeeze will be triggered.
🛑Stop Loss: 0.0455 )Reason: Break below the low of the 1H double bottom structure, ATR-based stop loss (
🚀Target 1: 0.0475 )Reason: Resistance at the previous wave's starting point of the 4H decline (
🚀Target 2: 0.0485 )Reason: Confluence of 4H EMA20 resistance and Fibonacci 0.382 retracement level (
🛡️Trade Management:
- Position Size: Light )Reason: 4H trend remains bearish; this is a counter-trend rebound play (
- Execution Strategy: When the price reaches 0.0470 (risk-reward ratio 1:1), move the stop loss up to the entry price. After reaching Target 1, reduce position by 50%, and trail the remaining position to breakeven towards Target 2.
Deep Logic: The price is declining but open interest remains stable, indicating no sustained selling by major players. The latest 1-hour buy ratio reaches 0.62, and order book depth shows dense buy orders below 0.0463 (strong support), while sell orders in the 0.0465-0.0466 range are relatively thin, creating a liquidity gap for an upward breakout. The 1H RSI)40.22( has formed a preliminary bullish divergence, and the funding rate is extremely low )0.0010%(, creating conditions for a bullish rebound.
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Crypto_Buzz_with_Alex
· 17h ago
Wishing you abundant wealth and great success in the Year of the Horse 🐴✨
After forming a double bottom structure around the 1H level at 0.0456 with increased volume rebound, the RSI has turned upward from the oversold zone, indicating a short-term momentum return. Although the 4H level remains in a downward channel, the latest candlestick closed bullish, and the buying ratio $STRK 0.62( has significantly rebounded, suggesting an oversold rebound demand. The order book shows sell orders accumulating above 0.0465; once broken, a short squeeze will be triggered.
🎯Direction: Long )Long(
🎯Entry/Order: 0.0462 - 0.0464 )Reason: 1H double bottom neckline retest zone, EMA20_1H dynamic support (
🛑Stop Loss: 0.0455 )Reason: Break below the low of the 1H double bottom structure, ATR-based stop loss (
🚀Target 1: 0.0475 )Reason: Resistance at the previous wave's starting point of the 4H decline (
🚀Target 2: 0.0485 )Reason: Confluence of 4H EMA20 resistance and Fibonacci 0.382 retracement level (
🛡️Trade Management:
- Position Size: Light )Reason: 4H trend remains bearish; this is a counter-trend rebound play (
- Execution Strategy: When the price reaches 0.0470 (risk-reward ratio 1:1), move the stop loss up to the entry price. After reaching Target 1, reduce position by 50%, and trail the remaining position to breakeven towards Target 2.
Deep Logic: The price is declining but open interest remains stable, indicating no sustained selling by major players. The latest 1-hour buy ratio reaches 0.62, and order book depth shows dense buy orders below 0.0463 (strong support), while sell orders in the 0.0465-0.0466 range are relatively thin, creating a liquidity gap for an upward breakout. The 1H RSI)40.22( has formed a preliminary bullish divergence, and the funding rate is extremely low )0.0010%(, creating conditions for a bullish rebound.
View real-time market 👇 )
---
Follow me: Get more real-time analysis and insights into the crypto market!
$STRK
#我在Gate广场过新年