$STRAX 4.4X VOLUME SPIKE — LIQUIDITY SWEPT, BUT BULLISH STRUCTURE STILL STANDS
My bias remains bullish on
$STRAX 1H. The 4.4x volume surge looks more like a liquidity run into the highs than confirmed distribution. Until the structure breaks, I’m not interested in blindly fading this move with shorts.
The bigger picture needs caution: daily and weekly structure remain bearish, making this a counter-trend bounce. For me, longs become attractive only after demand holds or price delivers a clean reclaim with confirmation.
Key setup:
Entry Zone: 0.00986–0.00994
Sweep Level: 0.00983
Confirmation: 15M bullish engulfing or MSS + reclaim above 0.01021
Upside targets:
TP1: 0.01044
TP2: 0.01179
TP3: 0.01224
The plan is simple: let sellers get trapped below 0.00983, wait for buyers to reclaim control, then target the liquidity above.
Do not chase the move. Protect beyond the structure flip, not inside the noise.
Invalidation: 1H close below 0.00983 = bullish thesis invalidated and bearish bias takes over.
BTC buy-side pressure should also be considered when sizing and timing the trade, especially since STRAX itself has no derivatives-flow data to confirm the move.
#STRAX #CryptoTrading #Altcoins #Binance #Crypto