$STRAX has seen a 6.323% increase in the last 24 hours, currently trading near the upper Bollinger Band at 0.052.

This proximity to the upper band suggests potential overextension, indicating a need for caution.

Volatility appears to be contracting, which may lead to a range-bound environment.

Setting a stop-loss slightly below support at 0.04479 could mitigate risks.

Traders might consider waiting for a pullback or breakout confirmation before entering positions.

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