$STRAX

confirm Signal

Current Price: $0.05285

Recent Low: $0.04994 (potential local support)

Recent High: $0.06651

MACD: Bullish crossover appears to be forming, indicating possible upward momentum.

RSI(6): 60.59 – bullish but not overbought, suggesting room for more upward movement.

Volume: Slight increase, confirming some buying interest.

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Trade Setup Suggestion:

1. Entry Point:

Suggested Entry: $0.05200 to $0.05250

Reason: Minor pullback area close to current price with potential for continuation after short consolidation.

2. Stop Loss:

Stop Loss: $0.04970

Reason: Just below the recent support at $0.04994. A break below this may indicate trend reversal or further decline.

3. Take Profit:

Take Profit 1: $0.05650

Take Profit 2: $0.06000

Reason: These are resistance zones from the recent downtrend. $0.05650 is conservative, $0.06000 more aggressive if the momentum continues.

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Risk-Reward Ratio:

Entry at $0.05250

Stop at $0.04970 (Risk: $0.00280)

TP1 at $0.05650 (Reward: $0.00400) – RR: ~1.4

TP2 at $0.06000 (Reward: $0.00750) – RR: ~2.7