$STRAX is showing renewed strength with a +3.5% move in the last 24 hours, pushing price toward a local high after a clean bounce from the 0.0199 support zone. The recent structure suggests a short consolidation followed by a breakout attempt. On the 1H timeframe, consecutive bullish candles with expanding bodies indicate buyers stepping in with intent, signaling momentum continuation rather than a dead-cat bounce.

Price is currently holding above the short-term resistance flip zone, which increases the probability of a follow-through move if volume remains supportive.

Trade Setup

• Entry Zone: 0.0207 – 0.0211

• Target 1: 0.0218

• Target 2: 0.0226

• Target 3: 0.0238

• Stop Loss: 0.0198

A strong hold above the 0.0210 area with sustained volume would confirm the breakout and open the door for a push toward higher resistance levels. Failure to hold this zone would invalidate the setup and shift momentum back into consolidation.

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STRAX

0.01467

+2.51%