š $STRAX /USD: WATCHING FOR A BREAKOUT OR RETRACEMENT! ā”
The $STRAX /USD pair is currently trading at $0.08417, hovering near key support and resistance levels. With market conditions ripe for a potential move, traders should stay vigilant for signs of either a breakout or a pullback.
š Trade Scenarios:
Entry Point: $0.08417
Take Profit (TP) 1: $0.08600
Take Profit (TP) 2: $0.08800
Take Profit (TP) 3: $0.09000
Stop Loss (SL): $0.08200
Support is at $0.08200, while resistance is at $0.08600. A breakout above $0.08600 could push the price towards $0.08800 and $0.09000. However, a break below $0.08200 may indicate bearish sentiment and a potential move downward.
š Market Outlook:
STRAX is testing a key support level at $0.08200. A bounce from this area could lead to upward momentum, targeting $0.08600 and beyond. A failure to hold support might signal further downside risks.
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