STRAX/USDT – Short Trade Setup Alert

STRAX just saw a +28.68% pump, reaching a high of 0.04954 USDT before slightly pulling back to 0.04586. Price is riding well above the Bollinger Bands’ upper limit, indicating possible overbought conditions.

What’s interesting?

• Stochastic RSI is at 81.23, signaling overbought territory.

• Strong volume surge, but a red wick on the last candle hints at seller pressure.

• Price is significantly extended from the MA(10) and MA(5) – a classic setup for a short-term correction.

Short Trade Expectation:

A pullback toward the 0.04300 - 0.04100 range could be in play if momentum slows and profit-taking kicks in. Watch for confirmation on the next candle and RSI divergence.

Key Levels:

• Resistance: 0.04950

• Support: 0.04320 / 0.04000

• Short Bias Trigger: Breakdown below 0.04500 with volume

Always DYOR. Manage risk. Set tight stop-losses.

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