$STRAX /USDT Analysis: Technical Breakdown & Targets
Current Price: $0.07225 (-5.64% on the 30m chart)
Technical Analysis:
$STRAX /USDT is attempting recovery after testing its 24h low at $0.06878.
Resistance is observed at $0.07909 (24h high), while current consolidation indicates potential for either breakout or further correction.
The 30m chart reveals support building around $0.07000, with higher lows indicating accumulation.
3 Targets for STRAX/USDT:
1. Target 1 (T1): $0.07500
Near-term resistance level based on previous highs.
Breaching this could lead to stronger bullish sentiment.
2. Target 2 (T2): $0.07850
Resistance below the 24h high at $0.07909.
This marks a key level to confirm upward momentum.
3. Target 3 (T3): $0.08200
Extended bullish target derived from Fibonacci extensions and projected breakout.
Actionable Advice:
Short-Term Traders: Secure partial profits at $0.07500 and move stop-loss to breakeven.
Long-Term Traders: Hold positions for a breakout beyond $0.07850 to target $0.08200.
Stop Loss: Place below $0.06850 to limit downside risks.