Foxy (FOXY) — Chart Analysis & Trade Setups

Chart-wise, FOXY broke through the crucial resistance slightly below 0.012. This was the sign we'd been waiting for. FOXY is correcting, but it seems to hold above the level nicely.

Technical Indicators

- MACD: Bullish 🟢

- RSI: Neutral (close to overbought) 🟢

- VMA: Bullish 🟢

- Triple EMA: Trading above all EMAs 🟢

- ADX: 25, indicating a light trend 🔵

Trade Setup

Since FOXY trades right between support and resistance, it depends on your risk strategy how you enter

- Entry 1: You can enter right now. However, you must use a greater stop-loss percentage.

- Entry 2: Wait for the price to correct further and bounce off the 0.012 level. This is the safer entry, but due to the bullish market, there's the risk of missing the entry.

- Profit Target 1: $0.017

- Profit Target 2: $0.026

- Stop Loss: $0.0105