STRAX/USDT – Short Trade Setup Alert
STRAX just saw a +28.68% pump, reaching a high of 0.04954 USDT before slightly pulling back to 0.04586. Price is riding well above the Bollinger Bands’ upper limit, indicating possible overbought conditions.
What’s interesting?
• Stochastic RSI is at 81.23, signaling overbought territory.
• Strong volume surge, but a red wick on the last candle hints at seller pressure.
• Price is significantly extended from the MA(10) and MA(5) – a classic setup for a short-term correction.
Short Trade Expectation:
A pullback toward the 0.04300 - 0.04100 range could be in play if momentum slows and profit-taking kicks in. Watch for confirmation on the next candle and RSI divergence.
Key Levels:
• Resistance: 0.04950
• Support: 0.04320 / 0.04000
• Short Bias Trigger: Breakdown below 0.04500 with volume
Always DYOR. Manage risk. Set tight stop-losses.
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