【$STRK Signal】No Position, Waiting for Downward Momentum to Exhaust

$STRK is in a clear downtrend channel, with prices continuously making new lows, currently testing recent support levels.

🎯 Direction: No Position (NoPosition)

Market Analysis: 4H candles are consecutively bearish, with prices breaking below all major EMAs (20/50). EMA20 (0.0482) acts as a strong resistance above. RSI (32.16) has entered oversold territory, but in a downtrend, it is not a reliable reversal signal; confirmation through divergence is needed.

Hardcore Logic: The current decline is accompanied by stable open interest (OI), and the funding rate remains positive (0.0050%), indicating this is not a typical short squeeze or main force distribution. It appears more like a passive stop-loss by bulls causing a downward move. Deep imbalance (-5.54%) and the buy-sell ratio (0.89) show persistent selling pressure, with ask orders significantly thicker than bid orders.

Trading Plan: Currently, conditions are not favorable for high-probability long entries. To go long, wait for: 1) Price to show a clear support bounce pattern (such as Pin Bar or Bullish Engulfing) at key support levels (e.g., previous low around 0.0457). 2) Volume contraction and RSI bullish divergence. 3) OI to start rising, and funding rate to turn negative or become extremely low. Until then, maintain a no position stance and observe.

Trade here 👇 $STRK

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