$STRAX

/USDT Technical Analysis and Trade Strategy 🎯 🚀

Technical Analysis:

Current Price: $0.07558

24h High: $0.07642

24h Low: $0.06921

Bollinger Bands (20, 2):

Upper Band: $0.07611 (resistance)

Middle Band: $0.07474 (support)

Lower Band: $0.07338

Parabolic SAR (0.02, 0.2): $0.07344

The price is currently in a bullish trend, staying above the middle Bollinger Band ($0.07474) and the Parabolic SAR level ($0.07344), suggesting upward momentum. The price is testing the upper Bollinger Band ($0.07611) and the 24-hour high at $0.07642, which acts as a resistance zone.

Trade Strategy:

Entry Point (Long):

Enter long near the current price ($0.07558), ideally around $0.07474–$0.07500 if the price dips slightly or consolidates near the middle Bollinger Band.

The Parabolic SAR ($0.07344) acts as a dynamic stop level, so as long as the price stays above this, the bullish trend is intact.

Target Levels:

🎯 Target 1 (First Resistance Zone): $0.07611

This is the upper Bollinger Band. If the price breaks above this level, expect some consolidation or small pullback before continuing higher.

🎯 Target 2 (24h High): $0.07642

The 24h high is an immediate target after breaking through the upper Bollinger Band. If the price sustains above this level, further upside potential is likely.

🎯 Target 3 (Extended Target): $0.07800–$0.08000

If the bullish trend continues, the next significant level of resistance would likely be around $0.07800–$0.08000, a psychological resistance and previous highs.

Stop-Loss:

Place a stop-loss around $0.07330, just below the Parabolic SAR and the lower Bollinger Band, ensuring a safe distance if the trend reverses.

Trade Setup:

1. Entry: Buy near $0.07500–$0.07558 (or wait for a minor pullback to the middle band).

2. Target 1: $0.07611 (upper Bollinger Band).

3. Target 2: $0.07642 (24h high).

4. Target 3: $0.07800–$0.08000 (extended target zone).

5. Stop-Loss: $0.07330 (below the Parabolic SAR and lower Bollinger Band).

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