$STRK Short Liquidation Alert 🚨

A $8.1418K short liquidation just hit at $0.6467, indicating a potential shift in momentum for $STRK. With shorts being squeezed, could $STRK be ready for a breakout? Let’s analyze what might come next!

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What’s Happening?

The liquidation of short positions shows that bearish traders are being forced out, which might lead to:

1. A price surge if the squeeze continues, driving the price higher.

2. A possible consolidation or pullback as profit-taking kicks in after the squeeze.

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Buy Zone 🛒

The buy zone for $STRK is between $0.620 - $0.640. This zone has acted as strong support in the past, and could be a good place for buyers to enter the market.

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Targets 🎯

Target 1: $0.680 (Immediate resistance level)

Target 2: $0.720 (Mid-term target, where selling pressure may increase)

Target 3: $0.750 (Key breakout level and psychological resistance)

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Stop Loss 🚫

Set your stop loss at $0.600. If the price drops below this level, the trend could turn bearish, potentially testing lower levels like $0.580.

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What’s Next?

If STRK holds the buy zone: We could see the price push toward $0.680, with potential to reach $0.720 if momentum continues.

If it falls below $0.600: Be cautious as it could indicate further downside, with support levels around $0.580 - $0.550.

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What to Watch For:

1. Volume: Look for a surge in buying volume near the buy zone to confirm a potential upward move.

2. Market Sentiment: Pay attention to broader market trends, especially Bitcoin and Ethereum, as they can influence $STRK.

3. News and Updates: Watch for any announcements related to STRK that might drive volatility or market direction.

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⚠️ Disclaimer: This post is for informational purposes only. Always conduct your own research and trade carefully. The crypto market is volatile—make sure to manage your risks wisely!

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