$STRAX is consolidating after a corrective move from the recent local high near 0.0161 and is now stabilizing around the 0.0157–0.0158 support zone. This area has acted as a demand base, where selling pressure is weakening and buyers are stepping in.

On the 30M timeframe, price is forming a short-term base with multiple rejections below 0.0157, suggesting accumulation. The structure indicates a potential higher low formation, which supports bullish continuation if the current support holds.

A sustained hold above 0.0157 keeps the upside scenario valid, with room for a move back toward the previous resistance zone.

Trade Setup

Entry Range: 0.01575 – 0.01590

Target 1: 0.01605

Target 2: 0.01620

Target 3: 0.01640

Stop Loss: 0.01560

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