$STRAX

/USDT Technical Analysis and Trade Signal ๐Ÿš€ ๐ŸŽฏ

Technical Analysis

1. Trend:

The price is bullish with momentum supported by:

Trading above the Bollinger Middle Band (MB: $0.07039) and Parabolic SAR ($0.06934).

Strong 24h price gain (+8.08%) and high trading volume, indicating solid buying pressure.

2. Key Levels:

Resistance:

Immediate: $0.07817 (24h high, critical short-term resistance).

Extended: $0.08000 (psychological level).

Support:

$0.07039 (Bollinger Middle Band).

$0.06934 (Parabolic SAR level).

3. Momentum:

Bullish momentum observed as the price nears the upper Bollinger Band ($0.07568).

Momentum may slow near resistance levels unless further volume spikes occur.

Trade Signal ๐ŸŽฏ

Direction: Buy (Long) on breakouts or pullbacks with support-based entries.

Entry Strategy:

Aggressive: Enter near current price ($0.07492) for momentum continuation.

Conservative: Enter on a pullback near $0.07039โ€“$0.07100 (support zone).

Stop Loss: $0.06900 (below Parabolic SAR and key support).

Target Levels:

1. ๐ŸŽฏ Target 1: $0.07850 (24h high breakout + minor resistance).

2. ๐ŸŽฏ Target 2: $0.08000 (psychological level, near resistance).

3. ๐ŸŽฏ Target 3: $0.08450 (extension level from recent uptrend).

Trade Momentum:

Momentum: Strong bullish momentum with increasing volume.

High probability of reaching Target 1 and Target 2 if volume sustains.

Target 3 may require broader market support and continuation.

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