đ $STRAX / USDT Short-Term Strategy đ»đ»
đ Market Overview
Current Price: ~$0.0563 USD
Intraday Range: $0.0563 â $0.0643
Trend: Bearish momentum following rejection at key resistance
Key Resistance: $0.0643 (recent high), $0.0700 (psychological level)
Key Support: $0.0563 (recent low), $0.0500 (historical support)
đ Stratis (STRAX) is showing signs of weakness after failing to sustain above key resistance levels, indicating potential for further downside.
đŽ Short Entry Zone 1: Retest Short đ
â Zone: $0.0580â$0.0600
â Bearish reversal pattern (e.g., engulfing) near resistance
â RSI remains below 50, low-volume bounce
đŁ Short Entry Zone 2: Breakdown Trade đŁ
â Zone: $0.0550â$0.0560
â Confirmed close below $0.0550 with strong selling volume
â MACD bearish crossover and RSI < 45
đŻ Targets đŻ
âą TP1: $0.0540 (~1%)
âą TP2: $0.0520 (~2%)
âą TP3: $0.0500 (~3%)
đ Stop-Loss đĄïž
âą Retest SL: Above $0.0610
âą Breakdown SL: Above $0.0570
â ïž Risk Management Tips
â Risk only 1â2% of capital per trade
â Maintain at least 2:1 reward-to-risk ratio
â Move SL to breakeven after TP1 to secure capital
â Avoid overtrading and let trades come to you
đ DYOR â Always do your own research before entering trades.
â
Buy and Trade here on $STRAX