$STRK Short Liquidation Alert đš
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? Letâs analyze what might come next!
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Whatâs 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 đ
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 đŻ
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 đ«
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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Whatâs 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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â ïž Disclaimer: This post is for informational purposes only. Always conduct your own research and trade carefully. The crypto market is volatileâmake sure to manage your risks wisely!
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