$STRAX

📊 STRAX/USDT Technical Analysis - Price: $0.06724 📊

The STRAX/USDT pair is currently trading at $0.06724, and here’s an analysis of key levels and possible strategies for this coin.

🔑 Support Level: The immediate support lies at $0.0650, which is a crucial level to watch. A pullback towards this area could present a potential buying opportunity, especially if price shows signs of holding above this support.

🚀 Resistance Level: The resistance level is at $0.0720, with a secondary resistance at $0.0750. A break above $0.0720 could signal a potential bullish trend continuation.

📈 Entry Strategy:

Buy Zone: Consider entering between $0.0650 - $0.0670 near the support level, especially if a reversal pattern forms around this zone.

Target: The first target to watch is $0.0720, and if momentum builds, aim for the $0.0750 level.

Stop-Loss: Set your stop-loss below $0.0630 to protect your position in case the support fails.

📊 Market Outlook: The current price near $0.06724 suggests that STRAX is testing key support levels. Watch for price action at $0.0650 for a potential bounce and bullish reversal. A break above $0.0720 would confirm upward momentum. Keep an eye on both the support and resistance levels for optimal trade execution.

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