Technical Analysis for $STRAX

/USDT:

Current Price: $0.08563

Trend: Bullish (8.74% increase in the last 24 hours)

Support Level: $0.07818 (recent low)

Resistance Level: $0.08633 (recent high)

Momentum:

The price shows bullish momentum with a steady upward movement in the past 24 hours.

Volume is strong, indicating active participation and confirming the current upward trend.

Trade Signal:

Buy Signal: The price is trending above the 24-hour moving average and is approaching the resistance level. Break above $0.08633 could lead to further upside.

Sell Signal: A break below $0.07857 may suggest a reversal or consolidation, indicating potential for shorting or waiting for a better entry point.

Target Levels 🎯:

1. First Target: $0.08750 (next resistance level)

2. Second Target: $0.09000 (psychological resistance)

3. Third Target: $0.09250 (extended target based on bullish trend)

Trade Momentum: The current momentum supports a continuation of the upward trend, with good chances for price to hit the target levels mentioned. However, keep an eye on any signs of reversal or consolidation near the resistance zone.

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