$OAX $OAX

OAX/USDT: A Bullish Breakout on the Horizon?

The OAX/USDT pair is currently trading at $0.1505, up a significant 7.35% in the past 24 hours. The chart shows a promising bullish momentum, with the price breaking above key resistance levels.

Key Support and Resistance Levels:

* Immediate Support: $0.1493

* Strong Support: $0.1447

* Immediate Resistance: $0.1505 (current price)

* Strong Resistance: $0.1593

Entry Strategy:

Given the current bullish momentum, traders could consider a long position at the current price or on a slight dip to the $0.1493 support level. A stop-loss order below the strong support level at $0.1447 can be set to manage risk.

Important Considerations:

* Market Sentiment: The overall market sentiment is cautiously bullish, which could favor OAX's upward movement.

* Volume: Increased trading volume could amplify price movements.

* Risk Management: Always use stop-loss orders to protect your investments.

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