The currency $STRAX is currently trading at $0.04668 with a strong rise of +6.04% over the past 24 hours, after a notable rebound from the bottom at $0.04283.
But... are we really on the verge of a breakout? Or is the market misleading us before a reversal? Let's analyze the picture together.
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📊 What do we see on the chart?
💥 A sudden rise to $0.05000 before the correction, suggesting strong buying interest.
📉 A quick decline after the peak, but holding steady above support at $0.04500.
📈 RSI indicator at 54 – neither indicating overbought nor oversold… an interesting balance!
🔍 Significantly high trading volume, which may indicate smart liquidity entering.
🔄 MACD is approaching a positive crossover, which could give a new upward push.
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⚖️ Is buying now a smart decision?
✅ Opportunity if:
Your target for quick speculation is from $0.04668 to $0.05000.
I placed a stop loss below $0.04500.
Depends on your risk management and closely monitoring the indicators.
❌ Risk if:
Waiting for a big rise without confirmation of a breakout above $0.05000.
Entering without a clear exit plan or stop loss.
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📢 The final word:
The STRAX coin is currently moving sideways after a strong jump… Is this a quiet accumulation before a new breakout? Or are sellers preparing to attack?
The decision is yours, but do not enter without monitoring the volume, RSI, and MACD.
What do you think? Are we seeing $0.055 soon? Or is the correction continuing? Share your analysis in the comments 👇
