Sharp rise in the price of $STRAX /USDT - Maintain the higher low structure!
The price of $STRAX /USDT has strongly breached the $0.044 area, surpassing the resistance level to reach a peak of $0.05500. The current pullback is forming higher lows, with the price stabilizing around the $0.051 area, indicating strong buyer interest after the breakout. The situation remains bullish unless the price drops below $0.05000.
Trading Setup (Long):
Entry Zone: $0.05020 - $0.05130
Target 1: $0.05450
Target 2: $0.05700
Stop Loss: $0.04880
Why Buy?
After a strong breakout, the stock entered a retest phase, forming a bullish flag above the previous resistance level that turned into support. As long as the price remains above $0.05000, the momentum is favorable for another upward push.
Risk Management Tip:
Avoid the fear of missing out. Enter within the pullback range and use a tight stop order below the previous swing low. Take profits as the price approaches resistance areas.
Don’t let this breakout pass you by - enter smartly and exit wealthy!
Seize the momentum before it fades - profits favor the brave!
$STRAX
