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.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.