technical analysis and trade signal summary for $STRAX /USDT based on the current data:
Technical Analysis – $STRAX
/USDT
Trend: Bearish (recent -16.99% drop)
Momentum: Weak, but showing signs of a potential short-term bounce from the $0.05826 low
Volume: High (indicates strong selling activity, but also possible reversal pressure)
RSI (Est.): Likely oversold (<30), signaling potential bounce
Support Level: $0.058 - $0.060
Resistance Levels: $0.065, $0.070, $0.075
Trade Signal – Long (Short-Term Bounce Play)
Entry: $0.06150 - $0.06200
Stop-Loss: $0.05790 (below 24h low)
Risk Level: Medium
Targets 🎯:
T1: $0.06500 – First resistance
T2: $0.07000 – Mid-range breakout target
T3: $0.07500 – Major resistance & profit zone
Momentum Bias:
Short-term bullish reversal possible due to oversold conditions and support bounce. Confirm with bullish candlestick or MACD crossover.
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