🚨$OAX OAX/USDT: Strong Rebound After a Sharp Drop! 🚨
$OAX has bounced back to 0.1068, showing a sharp recovery from its recent low of 0.0736. Is this a sign of a trend reversal, or will the bearish pressure continue? Let’s analyze the key levels to watch!
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Key Levels to Monitor:
📈 Resistance Zones:
0.1189: Immediate resistance—a breakout here could trigger a move toward 0.1715.
0.2168: Major resistance—clearing this level could indicate a bullish trend.
📉 Support Zones:
0.0736: Strong rebound zone—a retest here could signal bearish continuation.
0.0664: Critical support—falling below this might open doors for further declines.
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Scenarios to Consider:
1️⃣ Bullish Case: 🚀
Sustained recovery above 0.1189 could lead to testing 0.1715, with potential to aim for 0.2168.
2️⃣ Bearish Case: 📉
Failure to break above 0.1189 might see OAX retest 0.0736, and a drop below 0.0664 could signal deeper losses.
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Trading Tips:
Watch for breakout volume above 0.1189 to confirm bullish momentum.
Place stop-loss orders below 0.0736 to manage downside risk.
Consider scaling into positions near key support levels for potential rebounds.
💬 Will you ride the OAX recovery wave or wait for stronger confirmation? Share your thoughts!