$STRAX BREAKOUT OR PULLBACK?
$STRAX is currently trading at $0.05987, following a powerful rally of over +45% in the last 24 hours. The price is now consolidating just below local resistance, and the next move will decide whether bulls push higher or a pullback takes place.
Key Levels to Watch
Resistance: $0.06220 – A clean breakout above this could open the gates for a run toward $0.06500 and $0.06650.
Support: $0.05550 – Holding above this keeps bulls in control. A drop below could lead to further downside toward $0.05100 and $0.04500.
Trade Setup – Prepare for High Volatility!
Bullish Entry:
If $STRAX breaks and holds above $0.06220:
• TP1: $0.06500
• TP2: $0.06650
Bearish Entry:
If price breaks below $0.05550:
• TP1: $0.05100
• TP2: $0.04500
Stop-Loss:
Use tight stops just below/above the breakout zone to manage risk effectively.