Technical Analysis & Trade Signals for $STRAX

Trade Momentum

Current Price: $0.08404

Momentum is bullish with a +5.21% increase over 24 hours, supported by a strong trading volume of 223.81M STRAX.

Resistance & Support Levels

Resistance (R1): $0.09508

Support (S1): $0.07254

Targets 🎯

1. Target 1: $0.08900 (Short-term resistance)

Momentum: Strong upward pressure; achievable within a few hours.

2. Target 2: $0.09450 (Mid-term resistance near 24h high)

Momentum: Moderate, likely within a day if volume sustains.

3. Target 3: $0.10000 (Psychological barrier)

Momentum: Challenging; requires sustained bullish sentiment and higher volume.

Trade Signals

Entry Zone: $0.080–$0.084 (Strong support area)

Stop Loss: $0.07250 (Below key support level)

Indicators:

RSI: Likely near overbought (>70), suggesting caution.

MACD: Bullish crossover indicates potential further gains.

Recommendation: Monitor closely for breakout above $0.08900; partial profit-taking at each target is advised. Keep stop-loss tight to manage risk.

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