$STRAX

/USDT: Layer 1 Token in Correction potential 🚀

Current Overview

Current Price: $0.06359 (-5.20%)

24h High: $0.06737

24h Low: $0.05930

24h Volume: 38.76M STRAX (~$2.42M USDT)

STRAX is currently undergoing a -5.20% correction, after reaching a high of $0.06737. As a Layer 1 token, it shows signs of volatility, with a decent amount of trading volume.

📈 Technical Insights

Support: $0.05930 (recent low)

Resistance: $0.06737 (24h high)

Volume: 38.76M STRAX traded, indicating moderate market activity.

Depth: Slightly bearish sentiment with -0.5785% price change in recent timeframes.

🎯 Trade Setup

Entry Point: $0.0600 - $0.0620 (on a pullback or stabilization).

Stop-Loss: $0.0580 (below support).

Targets

1. Target 1: $0.0650 – Short-term resistance (7.0% gain).

2. Target 2: $0.0680 – Rebound target (8.8% gain).

3. Target 3: $0.0700 – Higher resistance level (10.2% gain).

⚡ Risk Management

Position Size: 1-2% of capital.

Trailing Stop: Once Target 1 is reached, move stop-loss to $0.0620 to lock in profits.

#RLUSDApprovalBoostXRP #BURNGMT #MicrosoftRejectsBTC #BTCNextDirection? #MarketCorrection