STRAXSignal
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$STRAX
STRAX/USDT Technical Analysis - Bullish Momentum Resuming?
The STRAX/USDT chart shows a strong upward movement, with the price currently trading at $0.06477, reflecting a significant gain of +13.53%. After a minor pullback from the recent high, the price appears to be finding support and is resuming its upward trajectory.
Key indicators to watch:
Moving Averages: The price is trading well above its 7, 25, and 99-period moving averages, which are all trending upwards, confirming the bullish sentiment.
RSI: The 6-period RSI is at 71.23, indicating that the asset is in overbought territory. This suggests strong buying pressure but also hints at the potential for a short-term correction.
MACD: The MACD is positive at 0.00003, with the DIF line above the DEA line, further supporting the current bullish momentum.
Traders should watch for continued price action above the moving averages. A breakout above the previous high of $0.07196 would be a strong signal for further gains. Conversely, a drop below the 7-period moving average could be an early warning of a potential reversal.
#Capricorn_of_Crypto
$STRAX
STRAX/USDT Technical Analysis - Bullish Momentum Resuming?
The STRAX/USDT chart shows a strong upward movement, with the price currently trading at $0.06477, reflecting a significant gain of +13.53%. After a minor pullback from the recent high, the price appears to be finding support and is resuming its upward trajectory.
Key indicators to watch:
Moving Averages: The price is trading well above its 7, 25, and 99-period moving averages, which are all trending upwards, confirming the bullish sentiment.
RSI: The 6-period RSI is at 71.23, indicating that the asset is in overbought territory. This suggests strong buying pressure but also hints at the potential for a short-term correction.
MACD: The MACD is positive at 0.00003, with the DIF line above the DEA line, further supporting the current bullish momentum.
Traders should watch for continued price action above the moving averages. A breakout above the previous high of $0.07196 would be a strong signal for further gains. Conversely, a drop below the 7-period moving average could be an early warning of a potential reversal.
$STRAX / USDT – Short Trade Alert! 🚨🔻
$STRAX is stalling after a sharp wick to $0.05648 and is currently trading at $0.05449 (+3.08%). Price shows rejection from the highs and a lower high setup could indicate a potential short opportunity.
📉 Trade Setup:
• Entry Price: $0.05449
• Take Profit (TP): $0.05200
• Stop Loss (SL): $0.05590
⚠ Outlook:
After a quick run-up, momentum is fading and profit-taking may trigger a pullback. The risk-reward ratio favors a short entry with tight control. Stay nimble in this zone!
#Layer1Moves #CryptoReversal #ShortSetup #BinanceTrading #STRAXSignal
$STRAX is stalling after a sharp wick to $0.05648 and is currently trading at $0.05449 (+3.08%). Price shows rejection from the highs and a lower high setup could indicate a potential short opportunity.
📉 Trade Setup:
• Entry Price: $0.05449
• Take Profit (TP): $0.05200
• Stop Loss (SL): $0.05590
⚠ Outlook:
After a quick run-up, momentum is fading and profit-taking may trigger a pullback. The risk-reward ratio favors a short entry with tight control. Stay nimble in this zone!
#Layer1Moves #CryptoReversal #ShortSetup #BinanceTrading #STRAXSignal
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