$STRAX is currently trading around 0.02288, showing a ~-0.4% move in the last 24 hours. After failing to hold above the 0.0233 rejection zone, price has been printing lower highs and consistent red candles, signaling that sellers are slowly taking control.
On the 1H timeframe, the structure is clearly bearish. Each bounce is getting sold into, and price is grinding down toward key support. This kind of price action often precedes a liquidity sweep or sharp continuation move if support gives way.
Market Structure Insight
Trend: Short-term bearish
Structure: Lower highs → weak bounces
Key Resistance: 0.0230 – 0.0232
Key Support: 0.0227 – 0.0225
A clean breakdown below 0.0227 with volume would confirm bearish continuation.
Trade Setup (Bearish Continuation Play)
Token: STRAX / USDT
• Entry Zone: 0.0229 – 0.0231 (pullback into resistance)
• Target 1 🎯: 0.0225 (range low)
• Target 2 🎯: 0.0220 (liquidity pocket)
• Target 3 🎯: 0.0214 – 0.0212 (breakdown extension)
• Stop Loss: 0.0235 (above rejection zone)
Trade Notes
This is a trend-following short setup, not a bounce trade
Best confirmation = rejection candle or strong bearish close on 15m–1H
If price reclaims 0.0232 and holds, bearish bias weakens
$STRAX is showing distribution-style price action. If support fails, the move down can accelerate quickly as stops get triggered below the range. Trade with patience, strict risk management, and let confirmation lead the way.
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