$STRAX
/USDT Technical Analysis with Trade Strategies and Three Target levels🚀🎯
Technical Analysis:
Current Price: $0.07139
24h High: $0.07620
24h Low: $0.06921
Bollinger Bands (20, 2): The price is near the middle band ($0.07099), indicating a neutral market with potential for either upward or downward movement.
SAR (0.02, 0.2): The SAR value at $0.07009 is above the price, indicating a potential bullish reversal if the price moves higher.
Momentum Indicators:
Recent price action: The price has shown an upward movement of 5.49% over the last 15 minutes, signaling short-term bullish momentum.
Volume: A high 24h volume of 28.72M STRAX with a slight decline in the 1-hour timeframe (-0.55%) shows that the market is in consolidation but might break out soon.
Trend Strength: Positive momentum across shorter timeframes (15m, 1h, 4h) suggests bullish continuation in the short term.
Trade Strategy:
1. Buy Strategy:
Entry: Consider entering a long position if the price breaks above the upper Bollinger Band ($0.07195) and maintains above it for at least 15 minutes. This could signal a continuation of the upward momentum.
Stop Loss: Set a stop loss just below the middle Bollinger Band ($0.07099) to limit risk in case of a reversal.
2. Sell Strategy:
Exit 1: If the price reaches the upper Bollinger Band ($0.07195) or higher, look for the first profit target.
Exit 2: If the price approaches $0.07620 (previous 24h high), consider a partial exit or scaling out as this is a major resistance point.
Exit 3: A secondary profit target could be $0.07850–$0.08000, should the price break past the previous high with strong volume.
Target Keys 🎯:
Target 1: $0.07350 (near-term resistance, just above the middle Bollinger Band)
Target 2: $0.07620 (24h high, strong resistance)
Target 3: $0.07850–$0.08000 (potential breakout level)
