$STRAX – Lateral movement after the rise! Bullish setup still intact

Strong movement to 0.05434 then consolidation

Holding above the 99 MA support (0.04889)

$STRAX USDT sharply rose from $0.04700 to $0.05434 before entering a consolidation phase.

The price is now slightly below the 7 and 25 MA levels, but continues to hold above the 99 MA — indicating that the bullish trend is still valid if the support is maintained.

Long trade setup:

Entry: $0.05100

Targets:

1 :$0.05280

2 :$0.05430

Stop loss: $0.04950

Watch for a return of bullish momentum above $0.05150 to signal a new rise.

The sideways structure may break upward with increased volume.

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