technical analysis for $STRAX

/USDT with trade signals and three price targets:

Technical Analysis:

Current Price: $0.05917 (up 7.31% in the last 24 hours)

Trend: Bullish momentum, as the price is above the 5 and 10-period moving averages.

Key Support: $0.05502

Key Resistance: $0.06392

Volume: Healthy trading volume with 121.17M STRAX traded in the last 24 hours.

Market Depth: Buy orders are at $0.05813, while sell orders are positioned at $0.06124.

Trade Signals:

Buy Signal: When the price is above $0.05917 with strong volume, consider entering.

Sell Signal: If the price breaks the resistance at $0.06392 or fails to hold above $0.05813, consider selling.

Price Targets:

1. Target 1: $0.06200 (near resistance level)

2. Target 2: $0.06500 (potential for further upside)

3. Target 3: $0.07000 (aggressive target if momentum continues)

Trade Momentum:

Strong Bullish: Price is showing a solid upward movement (+7.31% in the last 24h), supported by increasing volume.

Caution Zone: If price dips below $0.05800, momentum might weaken, and caution is advised.

Recommendation: Watch for price action around $0.05917 for confirmation of the trend, then trade based on the targets and support levels.

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