STRK is currently sweeping the 0.0394 order block zone, a crucial level that could dictate the next wave of price action. This zone has been a battleground for bulls and bears, and a successful reclaim could spark a significant rally. From a technical standpoint, the high-time frame bias is firmly bullish, with the RSI at 67 indicating a moderate level of buying pressure. Volume is relatively light at 0.4x, but this could be a sign of smart money quietly accumulating positions.
On the 4-hour chart, we're seeing a clear bullish structure unfold, with price action forming a tight coil above the 0.03877 support level. This coil is primed to spring, and a break above 0.04044 could be the catalyst for a larger move. Here are the key trade levels to watch:
* Entry: 0.03940
* TP1: 0.04044 (RR 1.7x)
* TP2: 0.04201 (RR 4.2x)
* SL: 0.03877
The SMC Score is relatively low at 4.1/10, indicating a lack of conviction among market participants - but this could be a trap. I'm looking for a long entry at 0.0394, targeting 0.040443 initially.
Followers, keep a close eye on this zone and be ready to pounce.
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