$STRAX
/USDT Technical Analysis & Trade Strategy for PullBack ๐ ๐
Current Price: $0.06110
24h High: $0.06591 | 24h Low: $0.06100
Trade Scenarios & Targets
1. Bullish Breakout (Price above $0.06190)
Target ๐ฏ 1: $0.064 (Resistance zone)
Target ๐ฏ 2: $0.065 (Recent highs)
Target ๐ฏ 3: $0.067 (Extended upside)
Stop Loss: Below $0.060 (24h Low)
Momentum: Look for volume spikes and RSI above 55 for confirmation.
2. Bearish Breakdown (Price below $0.06100)
Target ๐ฏ 1: $0.060 (Next support level)
Target ๐ฏ 2: $0.058 (Lower support)
Target ๐ฏ 3: $0.055 (Deeper downside)
Stop Loss: Above $0.062 (EMA or recent resistance)
Momentum: Watch for declining RSI (below 40) and increasing sell volume.
3. Range-Bound Play (Consolidation between $0.061โ$0.065)
Target ๐ฏ 1: $0.062 (EMA 50 resistance)
Target ๐ฏ 2: $0.064 (Resistance)
Target ๐ฏ 3: $0.061 (Mid-range support)
Stop Loss: Below $0.060
Momentum: Trade within the range, buying at support and selling at resistance.
Trade Tips:
Volume: Look for confirmation on breakouts or breakdowns with volume increase.
Risk Management: Always use stop losses to protect from sudden reversals.
Timeframe: Focus on 15m for short-term moves, 4h for trend-following strategies.
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