Fighting higher-timeframe resistance on $STRAX for a weak 3.5% counter-trend bounce is high-risk, low-reward execution. While a 2.5x volume expansion looks decent on the 1h, trying to long into overhead weekly supply when BTC is showing sell-side pressure is begging to serve as exit liquidity.
If you are set on playing this pullback, wait for a deep sweep into the 0.01082–0.01100 demand zone. Require a sharp 5m/15m market structure shift before entering. Logical profit targets sit at 0.01124, 0.01134, and 0.01154, with 0.01187 reserved for a trailing runner.
A 1h close under 0.01035 kills the setup instantly. Protect your capital or let market makers wipe out your position.
If you are set on playing this pullback, wait for a deep sweep into the 0.01082–0.01100 demand zone. Require a sharp 5m/15m market structure shift before entering. Logical profit targets sit at 0.01124, 0.01134, and 0.01154, with 0.01187 reserved for a trailing runner.
A 1h close under 0.01035 kills the setup instantly. Protect your capital or let market makers wipe out your position.