on a 7d duration from now do you expect $STARX to be bullish?
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STRAX COIN ANALYSIS, 🔥 🔥 ON CURRENT SITUATION 🔥🔥
#CorePCESignalsShift
---$STRAX
🚀 STRAX/USDT Market Analysis – What’s Next?
The STRAX/USDT pair has been active recently, showcasing notable price action. Let’s dive deeper into the current market situation and what traders should look for!
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Market Overview
🔹 Current Price: $0.07850 (-2.33%) 🔹 24h High: $0.08900 🔹 24h Low: $0.05908 🔹 24h Volume: 1.06B STRAX ($77.22M USDT)
STRAX saw a massive rally to $0.08900 in the past 24 hours but is now facing a slight correction, retracing to $0.07850. The question is whether this is just a consolidation before the next move or a potential reversal.
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Technical Analysis
Key Support and Resistance Levels
1️⃣ Support Zones:
$0.07320: The first major support, aligned with the mid-term moving average and previous consolidation levels.
$0.07278: A secondary support zone, representing the base for potential retracements. A break below could invite bearish momentum.
2️⃣ Resistance Zones:
$0.07866: Immediate resistance. The price is testing this level, and a breakout here could signal renewed bullish interest.
$0.08900: The 24-hour high. Breaking this would confirm strong upside momentum and could open the door for a test of $0.09000 and beyond.
Moving Averages
The chart displays:
Yellow Line (Short-Term MA): Suggests a strong upward trend for intraday traders.
Blue Line (Medium-Term MA): Indicates the broader trend remains intact, supporting bullish sentiment unless broken.
Volume
Trading activity is robust, with a 24-hour volume of 1.06B STRAX. The elevated volume signals trader interest, even during the correction phase. A surge in volume during price movement can validate trend continuation or reversal.
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Market Sentiment
STRAX/USDT is experiencing a healthy correction after its sharp rally. While short-term traders might see this as an opportunity to take profits, long-term investors could view pullbacks as potential buying opportunities.
The market remains uncertain, with the price consolidating between key levels. Traders should watch for breakouts above $0.07866 or breakdowns below $0.07320 to determine the next major move.
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Trading Strategy
Bullish Scenario:
A confirmed breakout above $0.07866 could lead to a test of $0.085 and the 24h high of $0.08900.
A sustained move above $0.08900 would signal strong bullish momentum, with a potential target of $0.095-$0.100.
Bearish Scenario:
If the price fails to hold $0.07320, we could see a move toward $0.070 or even $0.065.
Watch for volume during a breakdown to assess the strength of the selling pressure.
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Conclusion
STRAX/USDT remains in the spotlight with its recent rally and subsequent consolidation. With high trading volume and a clear set of support/resistance levels, traders have an excellent opportunity to plan their next move.
The marked 4-hour order block is a critical area where institutional buyers or sellers may have been active. The price bounced off this zone, indicating it is acting as strong support.
If the price re-tests this area and holds, it could signal a higher probability of upward momentum.
2. Volume Analysis:
A spike in volume during the sell-off suggests aggressive selling. However, the subsequent lower volume indicates reduced bearish momentum. This can imply either exhaustion from sellers or hesitation from buyers to push higher.
3. EMA Convergence:
The 20 EMA is slightly starting to curve upward. If it crosses the 50 EMA from below, it will indicate a bullish shift in the short term. Watch for a "golden cross" for confirmation.
4. MACD Momentum Shift:
The bullish crossover on the MACD is positive but not yet strong. You should monitor if the histogram continues to rise or if the lines begin to diverge more, signaling increasing bullish strength.
5. RSI Trend:
The RSI's recovery to the 53 level suggests bullish momentum is slowly building. If RSI continues rising and approaches 70, it will further confirm buying pressure.
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Likely Market Scenarios:
1. Bullish Scenario:
If the price holds above the 4-hour order block and breaks above the 20 EMA, it could head toward the next resistance at 0.32 or 0.34.
Look for a retest of the broken EMA level or resistance zone for confirmation before entering a long position.
2. Bearish Scenario:
If the price fails to break above the 20 EMA and starts forming lower highs, it could revisit the 4-hour order block.
A break below this block would confirm continued bearish momentum, with a possible drop to 0.28 or lower.
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Suggested Approach:
Entry: Wait for confirmation near the 20 EMA or a clear breakout of the resistance zone.
Stop-Loss: Place a stop below the 4-hour order block (e.g., below 0.29).
many of you are giving reason to sell that they lost 40/50 percent of their investment.tell me that what is a better option to sell in a loss and to wait for some little time to sell in a profit.I my self lost 50 % of my total investment my life savings but i knew that i don't even want to lose a single penny so please wait this coin at least cross a figure of 5500 before coming Monday if we stay or behave like group.
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can sale some portion and buy the dips and repeat but DYOR
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#UsualToken hello everyone hope u all doing well can u guide me about usual coin i bought at .22. please tell me is it going for 2$ or not what can i do sell it or hold it.