STRAX/USDT long trade idea:
💡 STRAX/USDT LONG TRADE SETUP (4H Chart)
📈 Trade Idea:
We're currently seeing STRAX respecting a strong ascending trendline while simultaneously testing a key horizontal support zone (highlighted in orange). Price has also formed a bullish descending triangle breakout pattern, where the current candle is showing signs of rejection from the demand zone.
📊 Technical Confluence:
- Strong support area between $0.0500 – $0.0510 (historically respected zone).
- Price is bouncing off the ascending trendline, indicating bullish strength.
- Descending triangle breakout potential to the upside.
- Clear risk/reward setup with a favorable R:R ratio.
✅ Entry Zone:Around $0.0510
🎯 Target (TP): Around $0.0640
❌ Stop Loss (SL): Below $0.0485
🧠 Trade Logic:
This setup is based on the expectation that the support zone and trendline will hold, leading to a breakout of the descending trendline and a potential continuation move to the upside. The structure provides a well-defined invalidation level, making risk management easier.
🔔 Always manage your risk and use proper position sizing.
💡 STRAX/USDT LONG TRADE SETUP (4H Chart)
📈 Trade Idea:
We're currently seeing STRAX respecting a strong ascending trendline while simultaneously testing a key horizontal support zone (highlighted in orange). Price has also formed a bullish descending triangle breakout pattern, where the current candle is showing signs of rejection from the demand zone.
📊 Technical Confluence:
- Strong support area between $0.0500 – $0.0510 (historically respected zone).
- Price is bouncing off the ascending trendline, indicating bullish strength.
- Descending triangle breakout potential to the upside.
- Clear risk/reward setup with a favorable R:R ratio.
✅ Entry Zone:Around $0.0510
🎯 Target (TP): Around $0.0640
❌ Stop Loss (SL): Below $0.0485
🧠 Trade Logic:
This setup is based on the expectation that the support zone and trendline will hold, leading to a breakout of the descending trendline and a potential continuation move to the upside. The structure provides a well-defined invalidation level, making risk management easier.
🔔 Always manage your risk and use proper position sizing.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.