๐ $STRK is showing a potential technical setup!
The weekly chart on Bitget displays a prolonged corrective move followed by a potential macro bottoming structure forming near current historical lows around 0.0388 USDT.
๐ The Technical Setup:
โข The Pattern: Macro falling wedge / bottom base
โข Short-term Target: 0.30 USDT
โข Macro Objective: 0.60 USDT
โข Market Structure: Potential reversal from long-term downtrend
๐ฏ Key Levels to Watch:
โข Support / Accumulation Zone: 0.0300 - 0.0388 USDT
โข Resistance: 0.1500 - 0.3000 USDT
โข Breakout Level: 0.0500 USDT
โข Stop Loss / Invalidation: 0.0250 USDT
๐ Confirmation:
โข Volume: Neutral/standard volume
โข Momentum: Base consolidation phase
โข Trend: Macro downtrend testing key support
โ ๏ธ Invalidation:
A weekly close below 0.0250 USDT invalidates the reversal structure.
Monitor price action closely around current support zones for confirmation before entering positions.
๐ Creator: NOUMAN_DON (@NOUMAN_DON)
#strk #crypto #BinanceSquare #tradingview #TechnicalAnalysis
The weekly chart on Bitget displays a prolonged corrective move followed by a potential macro bottoming structure forming near current historical lows around 0.0388 USDT.
๐ The Technical Setup:
โข The Pattern: Macro falling wedge / bottom base
โข Short-term Target: 0.30 USDT
โข Macro Objective: 0.60 USDT
โข Market Structure: Potential reversal from long-term downtrend
๐ฏ Key Levels to Watch:
โข Support / Accumulation Zone: 0.0300 - 0.0388 USDT
โข Resistance: 0.1500 - 0.3000 USDT
โข Breakout Level: 0.0500 USDT
โข Stop Loss / Invalidation: 0.0250 USDT
๐ Confirmation:
โข Volume: Neutral/standard volume
โข Momentum: Base consolidation phase
โข Trend: Macro downtrend testing key support
โ ๏ธ Invalidation:
A weekly close below 0.0250 USDT invalidates the reversal structure.
Monitor price action closely around current support zones for confirmation before entering positions.
๐ Creator: NOUMAN_DON (@NOUMAN_DON)
#strk #crypto #BinanceSquare #tradingview #TechnicalAnalysis