$STRAX

/USDT Correction Momentum Update Alert 💥 💯 📈

Overview:

Current Price: 0.07752 USDT (-1.97%)

24h Range: 0.07450 - 0.08031 USDT

Volume: 78.84M STRAX (6.11M USDT)

Trend: Short-term consolidation with slight bearish pressure.

Key Levels:

Support: 0.07450 (Immediate), 0.07300 (Stronger Support).

Resistance: 0.08031 (Immediate), 0.08200 (Key Resistance).

Trade Strategy:

1. Entry:

Buy near 0.07450 (support zone) for a potential bounce.

Alternatively, break above 0.08000 for a bullish confirmation.

2. Targets 🎯:

🎯 Target 1: 0.08000 (Immediate Resistance).

🎯 Target 2: 0.08200 (Key Resistance, if momentum continues).

🎯 Target 3: 0.08500 (Higher resistance if the breakout is strong).

3. Stop-Loss:

Below 0.07300 to manage risk in case of further downside.

Momentum Check:

RSI: Around 45, indicating neutral to slightly bearish momentum.

MACD: Still flat, showing no clear trend, but watch for crossovers indicating potential reversal.

Volume: Moderate, suggesting price might remain within range or start to form a breakout if volume increases.

Tip:

If STRAX bounces from 0.07450, it may test the 0.08000 resistance again. Consider adding more position if it breaks 0.08000 with increased volume. Tight stop-loss below 0.07300 to avoid a breakdown.

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