$STRAX
is trading at 0.01776 after a sharp impulse from 0.01536 to a 24h high of 0.01900. Clean breakout structure on 15m with strong follow-through and heavy bid dominance in the order book. Momentum is building, not fading.
This is expansion after compression. The range held. Buyers stepped in hard. Now price is sitting just below intraday highs, deciding whether to push for continuation or pull back for reload.
Momentum: Bullish
Immediate resistance: 0.01900
Breakout extension: 0.02050 – 0.02180
Key support: 0.01680 – 0.01600
Trade Setup
Breakout Continuation
EP: 0.01910 on strong 15m close above 0.01900
TP1: 0.02050
TP2: 0.02180
SL: 0.01780
Pullback Entry
EP: 0.01680 – 0.01700
TP1: 0.01900
TP2: 0.02080
SL: 0.01570
As long as 0.01600 holds, bulls control short-term structure. A rejection at 0.01900 without breakout could trigger a quick retrace before continuation.
Position with discipline. Let price confirm.
