$STRK /USDT ‌

STRK is currently trading around 0.1156 USDT, showing a –3.2% move in the last 24 hours, which clearly reflects growing selling pressure. After a strong intraday push toward the 0.1206 area, the price failed to hold higher levels and rolled over quickly. This rejection from the top signals that sellers are active and bulls are losing short term control.

On the 1H timeframe, the structure looks weak. A series of bearish candles followed the rejection from resistance, and even the bounce from 0.1137 appears corrective rather than impulsive. Price is struggling to reclaim key intraday levels, suggesting this move is more of a dead cat bounce than a real recovery. Momentum indicators visually confirm exhaustion on the upside while selling pressure slowly builds again.

From a market psychology point of view, late buyers who entered near the top are now trapped. If price fails to reclaim the 0.1175–0.1180 zone with strong volume, those trapped positions may turn into panic sellers, accelerating the downside move.

Trade Setup

Entry Zone: 0.1165 – 0.1180
This zone acts as a short selling area near minor resistance and VWAP rejection.

Target 1 🎯: 0.1138
This is the recent swing low and first liquidity pocket.

Target 2 🎯: 0.1115
A breakdown level where previous buyers stepped in. Losing it would confirm continuation.

Target 3 🎯: 0.1085
A deeper flush zone where stronger demand may appear.

Stop Loss: 0.1208
A clean break and hold above this level would invalidate the bearish setup.

If the price fails to hold the 0.1135–0.1140 range and volume expands on the downside, the drop could accelerate quickly. However, if buyers step in aggressively and reclaim 0.118+ with strong volume, this bearish scenario would be delayed and the market could attempt another recovery push.
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