📉 Orchid ($OXT) Dips by -6.36% 📉

$OXT is experiencing a pullback, currently trading at $0.1164, down -6.36% over the past 24 hours. This decline suggests a period of consolidation or potential selling pressure.

Key Levels to Watch

🔑 Resistance: $0.1250 – A recovery above this level could attract bullish momentum.
🔑 Support: $0.1100 – Holding above this level is crucial to prevent further decline.

Trade Setup

Long Entry: Enter near $0.1150, targeting $0.1200 and $0.1250.Short Entry: If $OXT drops below $0.1100, consider targets at $0.1050 and $0.1000.

Risk Management

⚠️ Stop-loss: For long trades, set a stop-loss at $0.1090.

Market Insight

The bearish sentiment could be temporary if buyers step in at support levels. Keep an eye on volume and broader market trends to anticipate potential reversals.

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