$STRAX /USDT

STRAX/USDT – Tight Range With Downward Bias

Current Price: $0.04523 (-2.16%)

STRAX is hovering near the 24h low ($0.04489), showing weak buying pressure. The rejection from the 24h high ($0.04694) signals potential for further downside unless bulls reclaim $0.0462+.

📊 Key Levels:

Resistance: $0.04595 – $0.04694

Support: $0.04489 → If broken, watch $0.04360 next

🧠 Trade Setup: Breakdown Play or Bounce Reversal

Scenario A: Bounce Setup (Safer)

✅ Entry: $0.04500–$0.04520

🎯 TP1: $0.04565

🎯 TP2: $0.04620

🛑 SL: Below $0.04470

Scenario B: Breakdown Short

⛔ Entry: If price breaks and closes below $0.04485 on 1h or 4h

🎯 TP: $0.04360

🛑 SL: Above $0.04530

🔍 Momentum Signals:

Volume: Modest (1.13M USDT) → cautious volatility

Structure: Lower highs → bears slightly in control

Ideal for: Short-term swing or scalp based on range edges

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