$STRAX /USDT – Bullish Setup Forming on Triangle Breakout
Trade Overview (4H Chart):
STRAX is showing promising signs of a bullish move as it bounces off a key support zone and an ascending trendline. The price action is forming a descending triangle pattern, and the current candle is hinting at a rejection from the demand area—signaling potential upward momentum.
Technical Highlights:
Strong support identified between $0.0500 and $0.0510
Ascending trendline reinforcing
#bullish pressure
Descending triangle breakout setup in progress
Clean risk/reward structure for traders
Trade Setup:
Entry Zone: Around $0.0510
Target: $0.0640
Stop Loss: Below $0.0485
#Strategy Insight:
This setup banks on continued defense of the
#support and trendline confluence, triggering a breakout above the descending resistance line. With a clear invalidation
#LEVEL , the
#trade offers solid risk control and potential upside.
Buy and trade here:
$STRAX