strax

Right now, the overall trend feels solidly bullish with good momentum building. The price is hovering around 0.01731 after pushing up aggressively, hitting a wick high near 0.01906 on heavy buying volume. This move broke through previous resistance cleanly, and the key moving averages are lining up nicely in support—MA(99) sitting around 0.01641, with the shorter ones like MA(7) at 0.01574 and MA(25) near 0.01523 all acting as dynamic floors below the current action.
For the long setup, I like focusing on a pullback entry rather than chasing the high. The safer and cleaner spot to buy is on a dip back into the 0.0168–0.0172 range. This area lines up well with a retest of the breakout level and the body of that big green candle, giving you a good risk-reward spot where buyers should step in again if the momentum holds. If you're comfortable with a bit more risk for a deeper discount, look at 0.0164–0.0166 around that MA(99) level—it's strong structural support and could offer a nice bounce if it gets tested. For the aggressive traders out there, only jump in if it stays firmly above 0.0170 and closes a strong continuation candle on the 4H, but that carries more chase risk.
On the upside, scale out your profits at these logical spots. First target sits at 0.0185–0.0191 to retest that recent spike high—it's a natural resistance area where some profit-taking might show up. Next, push toward 0.0200–0.0208 as it hits psychological levels and extends the current leg. If volume keeps coming in strong and the broader market stays risk-on, stretch for 0.0220–0.0240 as a bigger move target, though that's more of a runner if everything aligns perfectly.
For risk management, keep your stop loss tight to protect against any fakeouts in this volatile alt. A conservative stop goes below 0.0160 to invalidate the whole breakout structure if it fails. If you're entering higher up, a tighter stop under 0.0164 works fine—just know volatility can whip it there briefly. The key invalidation is a 4H close back under 0.0164 with no real bounce effort; that would flip the bias bearish and mean it's time to stand aside.
Before pulling the trigger or adding to a position, watch closely on that dip to 0.0168–0.0172. Look for it to hold with small downside wicks, buyers defending, volume drying up on red candles then picking up on greens—that's your clean confirmation signal. If it just dumps hard through 0.0164 on heavy red volume, better to skip this one and wait for a better setup.
This is a classic momentum continuation play in a smaller-cap token like $STRAX , so size small, manage risk tightly, and take partials as it runs. Not financial advice at all—crypto moves fast and wild, especially alts, so only use money you can comfortably lose. Keep an eye on BTC too, since it influences everything. If the setup evolves or you get a fresh chart update, feel free to share! 🚀
#STRAX