$STRIKE : Overextended Vertical Move Shorting the Exhaustion 📉🔥
Look at that vertical climb STRIKE has gone absolutely parabolic, sitting at $0.0724 with a massive +214% gain. The price is currently miles away from the MA(99) and even the fast MA(7), signaling a severely overextended market. We just hit a local peak at $0.0754, and with liquidity looking thin compared to the FDV, a sharp mean-reversion move is likely.
Bias: I’m looking for a short-term rejection here. This "god candle" is screaming for a healthy correction or a "liquidity grab" before any further upside.
⚡ The Setup
Entry Zone: $0.0725 – $0.0745 (Look for weakness on the 15m/1h timeframe)
TP 1: $0.0650
TP 2: $0.0580
TP 3: $0.0510
TP 4: $0.0420 (Major support retest)
Stop Loss: $0.0810 (Above the psychological resistance)
Position Strategy
Leverage: 3x - 5x (Keep it low, volatility is high!)
Margin: Isolated (Protect your main wallet)
🔒 Risk Management Tip
Volatility is insane right now. Secure 50% of your position at TP1 and move your Stop Loss to entry immediately to guarantee a "risk-free" trade. Don't get greedy—let the rest run.
Eyes on the charts, let's see if the bulls run out of gas. 👀