$STRAX has just delivered a strong bullish breakout, gaining over 30% in a short time. Price is currently trading around 0.0295, pushing close to the recent high near 0.0324. This move came with a noticeable volume expansion, confirming strong buyer interest.
From a technical perspective, the market structure has flipped bullish after forming a higher low around 0.0173. MACD remains positive with increasing momentum, indicating trend continuation. However, RSI is extremely overbought (above 90), which suggests that a short-term pullback or consolidation is possible before the next leg up.
Key Levels to Watch:
Resistance: 0.032 – 0.034
Support: 0.026 – 0.024
If STRAX holds above the 0.026 support zone, continuation toward higher resistance levels remains likely. Chasing at current levels carries risk—waiting for a healthy retracement could offer a better entry.
Momentum is strong, but risk management is crucial here.
DYOR & trade smart.
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