$STRAX $STRAX Support Level Re-Test

$STRAX presents an interesting technical setup showing an upward trend on 1-hour and 4-hour charts, with the price currently close to the support level at $0.009260. The RSI on the 1-hour chart is at 56, indicating the asset is not overextended, while the MACD on the 1-hour chart is negative, suggesting the trend could potentially continue. With a relative volume of 0.3x, entering between $0.0106 and $0.0115 seems attractive; potential targets are $0.0140 and $0.0159, with a stop loss at $0.009121, offering a 1.5 risk/reward ratio.
$STRAX is our leading altcoin demonstrating a continuation setup with a retest that provides acceptable asymmetry for entry. When compared, the secondary setup above $1 USD also shows a continuation with a retest, but with a slightly lower risk/reward ratio.
The excessive fear sentiment in the market, with the Fear and Greed Index at 23/100, may contribute to the market’s selectivity; this causes BTC and ETH to exhibit mixed movements. Recent news regarding regulation and infrastructure may also impact risk appetite, as the market searches for more selective opportunities.
The rapid movement in RESOLV, with a 74.8% increase in 24 hours, can be classified as exhaustion after a surge and carries high risk for blind continuation. Conversely, STRAX appears to offer a more sustainable opportunity.
In terms of scenarios, if STRAX breaks below the support at $0.009260, it could invalidate the setup, while a break above the resistance at $0.0140 could confirm the continuation of the trend. $STRAX What will be the next step for 🚀🍃: will it continue the upward trend or retest the support level?🚀🍃