$STRAX /USDT Technical Analysis Update
š Current Price: $0.08751
š¼ 24h Change: +19.30%
š Volume (24h): 478.46M STRAX
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Technical Levels and Targets:
1. Target 1 (Achieved): $0.09000
STRAX touched and slightly exceeded the $0.09000 resistance level before retracing to current levels.
š¹ Action: Secure partial profits here and place a stop-loss near $0.08500.
2. Target 2: $0.09500
The next key resistance lies at $0.09500, which has historical significance. A breakout above $0.09000 could pave the way toward this target.
š¹ Strategy: Monitor the price action and confirm increased buying momentum before entering additional positions.
3. Target 3: $0.10000
Breaking above $0.09500 could lead STRAX to test the $0.10000 psychological resistance level. This area might experience heavy selling pressure.
š¹ Plan: Gradually lock in profits at this level to mitigate risks from volatility.
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Technical Indicators:
Momentum: Bullish momentum is sustaining on shorter timeframes.
Volume: Elevated, signaling strong interest and potential continuation.
Support Zones: $0.08500 and $0.08000 (key areas for potential pullbacks).
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Trade Recommendations:
Secure partial profits at $0.09000 and $0.09500 while maintaining a stop-loss below $0.08500.
Watch for increasing volume and confirmation of trend continuation.
Avoid chasing the price; wait for pullbacks to support zones for new entries.