Technical Analysis & Trade Signal for $STRAX /USDT
Current Price: $0.06885
24h Change: +1.83%
24h High: $0.06888
24h Low: $0.06201
Technical Indicators:
Support Level: $0.06201 (recent 24h low)
Resistance Level: $0.06888 (recent 24h high)
Trend: Bullish (Positive momentum as price is above 50-period moving average)
RSI (Relative Strength Index): Near 60, indicating potential for more upward movement without being overbought.
Trade Signal:
Buy Entry: $0.06800 (breakout above $0.06888)
Target Levels:
Target 1: $0.07200 (next key resistance level)
Target 2: $0.07500 (stronger resistance around this area)
Target 3: $0.07800 (psychological level)
Stop Loss: $0.06200 (below 24h low)
Trade Momentum:
Bullish Momentum: Market sentiment is positive with an upward price trend. The momentum is strong, supported by increasing volume and RSI under 70. Investors should aim for breakout trades at current levels.
Note: Always monitor real-time data and adjust stop-loss orders to mitigate risks.
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