STRAX/USDT – Triangle Breakout from Support Zone

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.