$STRAX – Are we witnessing a classic upward trap? A deceptive candle may signal the return of the bears
After a rapid rise of +12%, a candle with a long upper wick has appeared suggesting strong seller entry
Are we seeing a minor correction or the beginning of a new downward wave?
Technical Analysis #strax/usdt – Daily frame
Current price: 0.05029
Daily high: 0.05500
Last candle: very long upper shadow = clear price rejection
RSI at 52 → Neutral zone
MACD is still negative and the downward momentum is not over yet
Bollinger Bands: price did not break the MB average at 0.05147
Closest expectation
Probability of a drop to levels:
0.048 First support
0.045 Strong second support
Unless it closes above 0.053 with a strong candle
The current scenario shows potential distribution after a fake pump
Suggested trading strategy
It is not recommended to enter a buy now
For professionals:
Sell (Short) position on futures
Entry from 0.051 – 0.053
First target 0.045
Stop loss 0.0548
Your opinion matters to us
Do you see this as a distribution candle and the beginning of the downward journey?
Or an opportunity for new accumulation before an upcoming explosion?
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