🚀 $STRAX /USDT: BULLISH PRESSURE, BUT RECOVERY POSSIBLE! 🔥
Price: $0.08523 | Testing Key Support Levels! 💯🚀
The $STRAX /USDT pair on Binance is currently trading at $0.08523, showing a mild decline of 1.5% over the past 24 hours. The 24-hour high is $0.08700, and the low is $0.08400, signaling cautious market sentiment with low volatility.
Trade Scenarios:
Entry Point: $0.08523
Take Profit (TP 1): $0.08700
Take Profit (TP 2): $0.08950
Take Profit (TP 3): $0.09200
Stop Loss (SL): $0.08400
Market Outlook:
The $STRAX/USDT pair is hovering near a critical support zone at $0.08400, which needs to hold to prevent further downside. Resistance levels are at $0.08700 and $0.08950, with potential for recovery if the price breaks above these zones.
Momentum indicators show a mixed sentiment, suggesting that traders should remain cautious and watch for confirmation of direction. A successful retest of $0.08400 support could provide an excellent long entry opportunity, targeting $0.09200 in the short term.
Key Takeaways:
Support: $0.08400
Resistance: $0.08700, $0.08950
Targets: $0.08700, $0.08950, $0.09200
Risk Management: Place a stop loss at $0.08400 to minimize downside exposure.
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