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Be a Trader, Not a Gambler: The Path to Consistent Success
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correct
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hold its gonna blow up sooner follow me up I post my analysis daily
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#MarketPullback $STRAX Here’s an analysis of the STRAX/USDT chart based on the visible indicators: 1. Trend Identification The price is in a clear uptrend, respecting the ascending channel. Higher highs and higher lows are visible, suggesting bullish momentum. The candles are currently near the middle zone of the channel, indicating potential consolidation or preparation for a move. 2. Key Levels Support Levels: $0.07865 (EMA 50 and lower channel trendline). $0.07600 (previous swing low and a stronger support). Resistance Levels: $0.08280 (recent high within the channel). $0.08450 (upper boundary of the channel). 3. Indicator Analysis EMA (20 and 50): The price is above both EMAs, confirming bullish momentum. EMA 20 is acting as immediate dynamic support. MACD: A slight bearish crossover is forming, indicating potential short-term consolidation or a pullback. If the histogram starts increasing positively, bullish momentum could resume. RSI: RSI is at 52.87, which is neutral but slightly tilting toward bullish territory. No overbought or oversold conditions, suggesting room for movement in either direction. 4. Trading Strategy Scenario A: Bullish Continuation Entry: Wait for a breakout above $0.08280 (current resistance). Stop-Loss: Place below $0.08040 (just below EMA 20). Take-Profit: Target $0.08450 (upper channel boundary) or extend to $0.08600 if volume supports. Scenario B: Pullback to Support Entry: Buy near $0.07865 (lower channel and EMA 50). Stop-Loss: Place below $0.07650 (channel invalidation). Take-Profit: Target $0.08200 initially and extend to $0.08450 if the channel holds. 5. Market Sentiment Volume: Decreasing slightly, indicating consolidation. A spike in volume at key levels (support or resistance) will confirm the next move. Conclusion The overall trend remains bullish, but the MACD hints at short-term consolidation. Watch for price action around $0.08280 for a breakout or $0.07865 for a pullback opportunity. Stick to tight stop-losses to manage risk, especially in this low timeframe (15m chart)
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on a 7d duration from now do you expect $STARX to be bullish?
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