๐จ $STRAX /USDT โ Layer 1 Lags Below Resistance Zone!
Crucial $0.04950 Support in Focus โ Reversal or Further Fade?
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Current Price: $0.05001
๐ 24h Change: -2.61%
๐ 24h High: $0.05370 | 24h Low: $0.04955
๐ 24h Volume: 58.59M STRAX | $3.05M USDT
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๐ Market Overview:
$STRAX is currently testing its recent low zone at $0.0495 with declining momentum. The recent push to $0.0537 failed to sustain, signaling weakening buying pressure. All eyes on whether the $0.0495 support holds, or a new low is incoming.
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๐ Key Technical Zones:
Resistance: $0.05280 โ $0.05370
Support: $0.04950 โ $0.04800
Breakout Level: Above $0.0537
Breakdown Level: Below $0.0493
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๐ Potential Long Setup:
Entry Zone: $0.0495 โ $0.0502
Targets:
TP1: $0.0519
TP2: $0.0534
TP3: $0.0550
Stop Loss: $0.0480
๐ Bearish Breakdown Setup:
Short Entry: Below $0.0493
Targets:
TP1: $0.0480
TP2: $0.0460
TP3: $0.0435
Stop Loss: $0.0512
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๐ก Pro Tip:
Wait for confirmation with a 4H candle close above $0.0537 or below $0.0493 before taking directional trades. Volume is critical at these tipping points!
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โ๏ธ Will STRAX bounce or break below support?
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