$STRK is showing a descending resistance retest on the 2-day timeframe, which is a strong technical signal for potential upward movement.

A successful bounce from the 50-day moving average (MA) and the $0.45 support zone could trigger a significant price rally.

Key Technical Details:

1. Support Zone: $0.45 (Strong Support)

A crucial level to watch.

If the price stays above this zone, it could lead to a rally.

2. Moving Average Support: MA 50

The price currently tests the 50-day moving average.

This often acts as a dynamic support level.

3. Targets to Watch:

Target 1: $0.81

Target 2: $1.40

Target 3: $2.50 (High Potential).

4. Resistance:

The descending resistance trendline is the main hurdle.

A breakout above this could confirm the bullish momentum.

Trading Plan for $STRK

Buy Zone:

Entry Range: $0.42 to $0.48

This range offers a low-risk entry point near support.

Targets:

First Target: $0.81 (Short-term)

Second Target: $1.40 (Medium-term)

Third Target: $2.50 (Long-term)

Stop Loss:

Place a stop loss at $0.39

This minimizes risk if the support level fails.

Key Notes for Traders:

1. Watch Volume: A breakout with strong volume confirms momentum.

2. Patience is Key: Reaching higher targets like $2.50 may take weeks or months.

3. Risk Management: Only invest what you can afford to lose.

Summary:

If $STRK maintains support at $0.45 and breaks the descending resistance, it has the potential to achieve significant gains.

Follow the plan and adjust based on market conditions.

#STRK/USDT #BinanceAlphaAlert #ElSalvadorBTCReserve #USJoblessClaimsFall #GrayscaleSUITrust