$STRAX /USDT Analysis


​Market Direction: Bearish Rejection (Potential Mean Reversion)
​Entry Zone: $0.01430 – $0.01456
​Stop Loss: $0.01485
​Take-Profit Targets: $0.01400 → $0.01375 → $0.01320
​Market Note: The price is currently testing a major resistance level at $0.01456. A significant upper wick rejection on the 4-hour candle suggests that buyers are losing steam and sellers are stepping in. We expect a short-term pullback as the price looks to retest lower support zones. As long as the price remains below the recent swing high, the bearish correction thesis remains valid. Volume is starting to fade at these highs, indicating a lack of follow-through from the bulls.

​Trader’s Tip: Ensure you wait for a 4H candle close below $0.01434 to confirm the entry. Always stick to your risk management plan!
STRAX0.91%
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