$STRAX
/USDT Technical Analysis & Trade Signal🚀🎯
Current Price: $0.07290
Key Levels:
Support: $0.07164 (24h Low)
Resistance: $0.07445 (Upper Bollinger Band)
SAR Level: $0.07411
Indicators:
Bollinger Bands (20, 2):
Upper Band: $0.07445
Middle Band: $0.07353
Lower Band: $0.07261
Parabolic SAR: $0.07411 (indicating potential resistance)
Momentum:
Bearish Momentum: The price is currently trading below the middle Bollinger Band ($0.07353), and the SAR level ($0.07411) suggests potential resistance ahead. The 24h price change of -1.67% indicates a slight bearish sentiment.
Trade Signal: Sell/Short if price breaks below $0.07164.
Target Levels 🎯:
1. Target 1: $0.07200 – If price tests the support at $0.07261 and fails to break it, expect a minor bounce towards $0.07200.
2. Target 2: $0.07100 – A breakdown below $0.07164 will likely push the price towards this level, where we could see additional support.
3. Target 3: $0.06950 – If bearish momentum continues, a more significant drop could reach this level, indicating a deeper correction.
Buy/Long Signal:
Target: $0.07445 (Upper Bollinger Band), if price breaks above $0.07353 (middle Bollinger Band) and closes above the SAR level at $0.07411.
Conclusion:
Bearish momentum is present, with the potential for further downside if the price drops below $0.07164. A failure to reclaim $0.07353 would suggest a continuation of the downtrend. Watch for a break of resistance at $0.07445 for a potential bullish reversal.