Technical Analysis & Trade Signal for $STRAX /USDT๐ฅ๐ฅ๐ฅ
Current Price: $0.07074 (+18.14%)
Trend: Bullish momentum with strong breakout signals observed on lower timeframes (15m, 1h).
Key Indicators:
RSI: Near overbought (70+), indicating continued bullish strength but watch for resistance.
MACD: Bullish crossover on 1H and 4H, confirming upward momentum.
Support Levels: $0.06300 (previous breakout zone) & $0.05545 (24h low).
Resistance Levels: $0.07500 & $0.08469 (24h high).
Trade Signal ๐ฏ
Entry Zone: $0.06800 โ $0.07100 (on pullback or breakout retest).
Momentum: Strong bullish momentum; ideal for short-term scalps and mid-term swing trades.
Target Levels ๐ฏ
1. Target 1: $0.07500 (psychological resistance level)
2. Target 2: $0.08100 (near 24h high resistance zone)
3. Target 3: $0.08800 (next major resistance level)
Stop-Loss: $0.06300 (below key support).
๐ก Strategy Tip:
Monitor volume and depth to confirm upward strength.
Adjust stop-loss to breakeven after reaching Target 1 for a risk-free trade.