$STRAX Reclaims Key Zone – Is a Short-Term Push Incoming?
STRAX has bounced from the intraday low of $0.04540 and is now holding above the $0.04730 demand zone. This consolidation could signal a short-term bullish breakout if key resistance is cleared.
Key Levels to Watch
Resistance:
• $0.04790 – Immediate breakout level
• $0.04980 – Mid-range resistance
• $0.05180 – Top of short-term range
Support:
• $0.04700 – Holding above this is key for structure
• $0.04540 – Breakdown zone if bearish pressure returns
Trade Setup
Bullish Scenario:
A clean breakout above $0.04790 could open a rally toward:
• Target 1: $0.04980
• Target 2: $0.05180
Bearish Scenario:
Losing $0.04700 may trigger a pullback to:
• Target 1: $0.04540
• Target 2: $0.04420
Volume is steadily increasing near the bounce zone, showing growing interest. A decisive move could come soon—watch closely for momentum confirmation.