#STRAX is currently breaking out above the 35 EMA and the resistance trendline. With only 8 hours and 28 minutes left until the daily candle closes, STRAX must close above the resistance trendline for bullish confirmation.
The price is within the accumulation range, and a rally toward the primary resistance at $0.573 is likely.
In a bearish scenario, accumulating STRAX between $0.0345 and $0.0436 could be considered a worthwhile buying opportunity.
Key levels:
- Confirmation: A breakout above the 35 EMA and resistance trendline. - Accumulation: $0.0345 to CMP. - Lower Support: All-time low at $0.0345. - Primary Resistance: $0.0573. - Targets: $0.0573, $0.0741, $0.0937, $0.1103, $0.146.
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