The chart shows a heavy downside continuation with $STRK
making new lows without any meaningful bounce. Sellers are clearly in control, and every minor pull-up is being sold aggressively. As long as price remains below the breakdown zone near 0.2009, the structure favors further decline with momentum strongly supporting a short-side continuation.
For a short trade, the opportunity remains valid as long as the candle bodies stay below 0.1850. Any weak rejection or failed bounce into 0.1820–0.1860 could offer continuation entries toward the lower support zone at 0.165 and even 0.160. On the other hand, a long position is only reasonable if price forms a strong reversal pattern, which currently has no confirmation, making long trades extremely risky in this environment.
Short Outlook: Trend remains bearish with lower lows forming consistently; sellers maintaining dominance and pushing the price toward untested demand below.
Targets:
0.1700
0.1650
Stop Loss:
0.1860
#STRK #CryptoAnalysis #ShortSetup #BearishTrend
