$STRAX – Testing Resistance Amid Bullish Momentum
The $STRAX pair is currently trading at $0.07176, up 11.92% in the last 24 hours. The pair has shown strong upward movement, with a 24-hour high of $0.07600 and a low of $0.06380. This bullish momentum is supported by a substantial trading volume of 91.92M STRAX, signaling strong market interest. However, the price is facing resistance near $0.07600, which will play a critical role in determining the next move.
For traders looking to go long, a potential entry range could be between $0.07150 and $0.07250. Profit targets for this setup include $0.07500 as the first level and $0.07800 as the second, with a stop loss set at $0.07000 to manage risk. On the other hand, if the price faces rejection near $0.07600, a short entry between $0.07550 and $0.07400 could be considered, targeting $0.07000, with a stop loss at $0.07700.
Key levels to watch include the immediate resistance at $0.07600, which, if broken, could lead to a continuation of the bullish trend. On the downside, support lies at $0.07000, which could act as a rebound point if the price retraces.
In conclusion, the $STRAX/USDT pair is currently at a decisive point. A breakout above $0.07600 with strong volume could pave the way for further gains, while rejection may result in short-term consolidation or a pullback. Traders are advised to monitor the price action and trading volume closely at these levels.