$STRAX /USDT BEARISH OUTLOOK 📉
Key Levels:
- Current Price: $0.08018
- Resistance Levels: $0.08500, $0.09000
- Support Levels: $0.07907, $0.07500
Trade Setup:
- Short Entry: $0.08000
- Take Profit (TP): $0.07500
- Stop Loss (SL): $0.08500
Risk Management:
- Risk/Reward Ratio: 1:1
- Position Size: Ensure no more than 2% of your trading capital is at risk
Summary:
We are looking for a short trade on $STRAX/USDT due to the bearish trend observed in the 1-hour chart. The price has been consistently making lower highs and lower lows, indicating downward momentum. The current price is close to the support level of $0.07907, and a break below this level could lead to further declines. 📉💸
Happy Trading! 📉💸
If you need any adjustments or have more requests, feel free to ask 😊