【$STRK Signal】Hold off on trading, wait for confirmation of direction

$STRK is in a prolonged downtrend, consolidating at low levels. The price repeatedly battles around the EMA20 (0.0473), lacking clear bullish or bearish momentum.

🎯 Direction: Hold off on trading

Market analysis: On the 4H chart, the price fluctuates narrowly between 0.046 and 0.048. The latest candlestick closes at 0.04741, with a buy/sell ratio of 0.49 indicating balanced market sentiment. Depth data shows that bid orders (Bids) are significantly thicker than ask orders (Asks), with an imbalance of 3.46%, suggesting institutional support and accumulation below. However, selling pressure above remains heavy.

Core logic: Open interest (OI) trend is stable, funding rate is slightly positive (0.0050%), with no signs of short squeeze or main force closing positions. RSI (47.98) is in neutral territory, with no overbought or oversold signals. Although the price has broken above EMA20, the EMA50 (0.0496) presents strong resistance, and the overall daily trend remains downward. The current consolidation with decreasing volume appears to be a continuation or early bottoming phase in a downtrend, with no clear directional signal.

Trading plan: Wait for the price to choose a direction. A confirmed upward breakout and stabilization above 0.0496 (EMA50) with increasing OI could be a long entry. A breakdown below 0.04599 (recent low) with a breach of buy-side depth indicates trend continuation to the downside. Currently, the best risk management is to stay on the sidelines.

Trade here 👇 $STRK

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