$STRAX /USDT Technical Analysis Update
š Current Price: $0.08809
š¼ 24h Change: +20.33%
š Volume (24h): 478.18M STRAX
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Technical Levels and Targets:
1. Target 1 (Achieved): $0.09000
STRAX successfully tested this resistance level with a brief breakout before retracing slightly.
š¹ Action: Secure partial profits here and adjust stop-loss to the $0.08500 zone.
2. Target 2: $0.09500
The next resistance lies at $0.09500, a historically significant level where prior rejections occurred. A retest is possible with sustained bullish momentum.
š¹ Strategy: Watch for increasing volume and hold for a breakout above $0.09000.
3. Target 3: $0.10000
Breaking $0.09500 could lead to a psychological resistance level at $0.10000. This aligns with major Fibonacci extensions.
š¹ Plan: Lock in profits and be cautious of increased volatility at this level.
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Technical Indicators:
Momentum: STRAX is showing strong bullish strength.
Volume: High buying interest supports the rally.
Support Zones: $0.08500 and $0.08000 (key retracement levels).
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Trade Recommendations:
Secure profits progressively as each target is approached.
Maintain tight stop-losses near $0.08500 to manage risks.
Monitor volume and trend confirmations for continuation trades.
