$STRAX /USDT – BEARISH PRESSURE BUILDING
Current Price: $0.05048
24H Range: Low $0.04834 – High $0.05279
TECHNICAL OVERVIEW
STRAX is trading below the $0.05150 resistance zone and struggling to regain bullish momentum. Lower highs and weak volume suggest a bearish bias in the short term.
KEY LEVELS:
Resistance: $0.05150 / $0.05300
Support: $0.04830 (Key), $0.04600 (Next Major)
Current price sits just above support, but a break below $0.04830 could trigger further downside.
TRADE SETUP – SHORT ENTRY
Entry: $0.05000 – $0.05050 (on rejection below $0.05150)
Targets (TP):
TP1: $0.04830 TP2: $0.04650
TP3: $0.04500
Stop Loss (SL): $0.05200 (Above resistance zone)
RISK MANAGEMENT
Use tight SL and risk only 1%–2% of capital. This setup favors momentum traders watching for a break of key support with confirmation from volume.
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