🟢📈 STRK/USDT Perpetual (4H Chart) Analysis
💡 Overview:
STRK is displaying strong bullish momentum, forming higher highs and moving within an ascending channel on the 4H chart. Recently, the price has broken above the channel’s resistance with significant volume, indicating further upside potential.
🔑 Key Insights:
• Ascending Channel: STRK has consistently made higher highs, staying within the ascending channel.
• Breakout: The price has broken the upper resistance line of the channel, signaling bullish strength.
• Retest: A potential small retest of the breakout area is likely before STRK continues its upward trajectory.
🎯 Price Target:
• $1.00 is the target to watch over the next few weeks, as STRK shows potential to achieve this level if bullish momentum persists.
📉 Risk Management:
• Be cautious of a failed retest of the channel breakout, which could lead to a pullback.
• Stop Loss: Below the previous resistance level (now support) to minimize risk.
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