STRK: Rejected at Upper Boundary of Descending Channel STRK / TetherUSBINANCE:STRKUSDTAnhbaCong_STRK: Rejected at Upper Boundary of Descending Channel – Strategic Trend Short Setup Targeting $0.010 Floor Starknet (STRK) is signaling a high-conviction trend-continuation Short entry setup on the daily timeframe as price action encounters fierce rejection along the upper boundary of an extended descending parallel channel. The preceding aggressive impulse failed to disrupt the broader intermediate downtrend structure of lower highs and lower lows, rendering this relief pump an optimal short-entry opportunity. Based on visual data from the daily chart , the recovery attempt was firmly halted directly at the upper descending diagonal trendline. The subsequent daily candle carved out an extended upper rejection wick, with active price candles around the $0.040 handle extending their downward rotation. Although price action temporarily trades above the slightly ascending dynamic MA100 line, sharply contracting volume following the initial spike demonstrates that buying momentum has evaporated upon contacting dense overhead supply. The complete failure of buyers to engineer a decisive channel breakout allows sellers to easily regain dominance and drive a continuation leg lower. The optimal trading approach is to initiate Short positions within the $0.0402–$0.0404 zone. A protective stop-loss parameter should be placed safely above the channel ceiling at $0.0508. The primary strategic take-profit objective targets the macro descending channel floor near the $0.0105 baseline, securing exceptional risk-to-reward metrics. Disclaimer: This is not financial advice, DYOR.