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STRKUSDT trade ideas

$STRK breakout Done > Trading a descending channel pattern involves identifying a bearish trend where the price consistently forms lower highs and lower lows within a channel. Here's how you can approach trading this pattern: 1. **Identify the Descending Channel:** `The first step is to recognize the descending channel pattern on a price chart. Look for a series of lower highs and lower lows forming parallel trendlines sloping downwards. This pattern suggests a bearish trend where sellers are in control. Confirm the pattern by ensuring that the price touches both the upper and lower trendlines multiple times.` 2. **Entry and Exit Points:** `When trading a descending channel pattern, consider selling (shorting) near the upper trendline of the channel when the price reaches this level. This is where resistance is likely to be strong, presenting an opportunity to enter a trade with lower risk. Set a stop-loss order above the upper trendline to manage risk in case the price breaks out of the channel. Aim to exit the trade near the lower trendline of the channel, where buying pressure may increase, providing a potential opportunity to take profits.` 3. **Risk Management and Confirmation:**` Implement proper risk management techniques to protect your capital. This includes setting stop-loss orders to limit potential losses if the trade goes against you. Additionally, look for confirmation signals such as bearish candlestick patterns, negative momentum divergence, or other technical indicators aligning with the descending channel pattern to increase the probability of a successful trade. ` Remember, trading patterns carry inherent risks, and it's essential to practice proper risk management and conduct thorough analysis before making trading decisions. Additionally, consider using a combination of technical indicators and fundamental analysis to enhance your trading strategy and increase the probability of success.
Long
by Crypto-Adda_Official
Starknet STRK price is rising, when will be time to sell?Recently, the long-awaited Starknet airdrop took place. The last time there was such a hype around the project was probably during the Arbitrum airdrop We don't have any STRK coins and don't plan to buy them in large quantities right now. However, exchanges are now holding trading contests around STRKUSDT and you and we can earn money by fulfilling simple conditions for a small amount. Trading contests on exchanges will provide liquidity to STRK and should reduce its volatility and sharp market price drain. On the other hand, some users will still sell their coins at every price increase to cover the costs of obtaining this airdrop. Therefore, purely subjectively, we have identified two zones on the chart: - Selling zone - $2.50-$2.80 - buying zone - $1-$1.15 If this idea garners 50 likes, we will update it and compare the behavior of the ARB price after airdrop and listing on exchanges with the possible behavior of the STRK price.
by P_S_trade
13
STARKNETSTARKNET with the symbol STRK: Starknet is a permissionless, Validity-Rollup, also known as a zero-knowledge rollup (ZK rollup) for Ethereum. It operates as a Layer 2 (L2) blockchain, enabling any dApp to achieve massive scale for its computation without compromising on Ethereum's composability and security. We got STRK/USDT on daily time frame: 1- So far, price has respected the trend line. 2- Price has retraced two times from the upper barrier, once it manages to break above it, we can expect the start of the bullish move. 3- First possibility and the most bullish is that the price manages to break the resistance and starts to go parabolic 4- Second possibility is bearish first but overall bullish and is that the price will break bellow the trend line and will go to new lows and will bounce from the downside of the descending channel, creating a very nice buying opportunity. Everything is explained in the chart. Wish you lots of opportunities in your trading journey.
by Cyph3r4min
1
📊#STRK has a chance to form a double-bottom long structure👀🧠According to the wave theory, I predict that the fourth wave will stop in the buying zone, and the buying zone is also an ideal target area for the double bottom short structure, so we enter the market and go long after falling below the turning point. I am very happy that the market has developed as expected. At present, we have locked in 80% of the main profit and will allow the remaining 20% of the position to continue to operate risk-free.☕️🙏🚀🌕 ➡️From a structural point of view, if we can successfully break through the previous high, then a double bottom long structure will be established, and then 3.76-4.43 is the ideal target area worthy of our attention.🎯 Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
STARKNET Ascending Triumph: The Bullish Case for STRK/USDTThe BINANCE:STRKUSDT pair as it displays a symphony of technical indicators aligning for a potential bullish breakout. This analysis unpacks the vibrant tapestry of patterns and signals that converge to form a compelling case for a long trade entry. Now Let's dive into the reasons why to Consider this Long Trade: Ascending Triangle Formation: The price has been forming higher lows, indicative of an ascending triangle pattern, a traditional bullish continuation signal, suggesting upward momentum. Consolidation Above Support: The consolidation above the key support level (marked with the lower horizontal line) hints at accumulation and a strong buyer presence. Moving Averages Alignment: The price is trending above both the 50-period and 200-period moving averages, a sign of a strong bullish trend. Breakout Potential: The technical setup is accompanied by a bullish arrow indicating a potential for breakout above the triangle’s upper boundary that we might seen in the next few hours or next few days. After the breakout the upward trend will be big. Measured Move: The projected target for the trade is illustrated by the vertical line opposite the triangle's base, transferred to the breakout point, implying a significant potential upside. Risk Management Zone: The red shaded area indicates a possible zone for setting stop losses, ensuring a calculated risk approach. As you all know, i only go for a 200% TPR here without geeding or risking too much. This way we keep it safe and clean. Market Sentiment: General market sentiment around STRK/USDT may be bullish based on the setup, which can encourage additional buying pressure, especially after the recent bullish tweets that we are seeing from bgi twitter influencers. Remember, while this analysis presents an optimistic scenario for a long position in STRK/USDT, it is crucial to conduct your due diligence and consider any potential market changes or news that could impact the trade. Trading involves risk, and it is important to trade with capital that you are prepared to lose. Always use proper risk management techniques and consider the size of your position relative to your overall portfolio. Good Luck
Long
by Lucas_CryptoLab
1