$STRAX /USDT Short Trade Setup
Market Overview: STRAX/USDT on the 5-minute chart shows consistent lower lows and rejection from the $0.0800 zone. Momentum favors bears as the price approaches $0.0750 support.
Entry Point: $0.0748 (below the key support level).
Take Profit (TP):
1. TP1: $0.0730
2. TP2: $0.0700
Stop Loss (SL): $0.0775 (above the recent resistance level).
Trade Rationale: The strong rejection from $0.0800 with sustained selling pressure points to further downside potential. A breakdown below $0.0750 confirms bearish continuation.
Risk Management: Limit risk to 2% of capital. Adjust trade size according to the SL distance.
Execution Plan: Wait for a confirmed breakout below $0.0750 with increasing volume. Trail SL to breakeven after hitting TP1. Avoid trading if a sharp reversal occurs above $0.0775.