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Thoughts on #SRTK 4H TF on September 4, 2024.
Be extremely careful when opening LONG positions.
There has been no retest of the 0.3150 values as of August 5 of the current year.
Currently #STRK is trading between 1 and 0.786 Fib (short cycle)
At 0.3603 to 0.33703, an order block confirmed by VPVR and moving averages that accumulate momentum for a short position has formed.
I recommend entering a LONG position after breaking the downtrend, namely from the values of 0.3901 to the upper boundary of the bearish flag 0.4285.
A clear SHORT position can be considered when updating the minimums 0.3150 with short stops.
Don't be greedy! Profit for everyone! Always use stop losses!