$STRAX /USDT Analysis – Bullish Breakout Potential

COTI
Created with Highcharts 9.1.1
0.04543
+3.01%

Current Price: $0.06768

Key Levels:

Entry Range: $0.06750 - $0.06800

Targets:

TP1: $0.07000

TP2: $0.07057

Stop Loss: $0.06555

Observation:

The chart shows a breakout from a consolidation range marked by a rectangular zone. STRAX has broken above resistance near $0.06750, indicating bullish momentum. If the price sustains above this level, a move toward $0.07000 and beyond is likely. However, any retracement below $0.06700 could test the $0.06555 support level.

Strategy:

Monitor for sustained movement above the breakout zone.

Adjust stop-loss levels to minimize risk if TP1 is achieved.

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