$STRAX BULLISH MOMENTUM BUILDING โ BREAKOUT POTENTIAL ABOVE $0.050
๐ Current Price: $0.04677 (+7.00%)
๐ 24h High / Low: $0.05000 / $0.04283
๐ 24h Volume: 91.51M STRAX | $4.28M USDT
๐ Trend: Bullish with minor rejection from resistance zone
๐ KEY TECHNICAL LEVELS:
Immediate Resistance: ๐ผ $0.05000 โ Strong ceiling; needs breakout confirmation
Next Major Resistance: ๐ผ $0.05500 โ Previous local top and psychological level
Support 1: ๐ฝ $0.04400 โ Local support with decent volume backing
Support 2: ๐ฝ $0.04200 โ 24h low and solid buying interest zone
Trend Base Support: ๐ฝ $0.04000 โ Key bullish invalidation level
๐ TRADE SETUP โ LONG POSITION
๐ Entry Zone: $0.04500 โ $0.04700 (enter on dip or retest bounce)
๐ฏ Targets (TP):
TP1: $0.05000
TP2: $0.05350
TP3: $0.05500
๐ก๏ธ Stop Loss (SL): $0.04200 (below 24h low and volume base)
โ๏ธ RISK MANAGEMENT:
Risk only 1โ2% of total capital
Ensure Risk/Reward โฅ 1:2
Avoid chasing; wait for either a breakout above $0.050 or pullback to $0.045
๐ Conclusion:
$STRAX/USDT is showing a clear short-term bullish trend, backed by a 7% gain and strong daily volume. The price is approaching a critical resistance zone at $0.050, and a confirmed breakout above that level could ignite a rally toward $0.055 and beyond.
However, failure to break $0.050 may cause a retest of support at $0.044โ$0.042.
๐ Watch volume at resistance and use tight risk controls to maximize reward.
โBreakouts reward patience โ enter only when the structure favors you.โ ๐
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