Foxy (FOXY) — Chart Analysis & Trade Setup

Chart wise, FOXY has broken through a key resistance just below 0.012. This is the sign we have been waiting for. FOXY is making a correction, but it seems to be holding 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 mild trend 🔵

Trade Setup

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

- Entry 1: You can enter now. However, you should use a larger percentage stop-loss.

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

- Profit Target 1: $0.017 - Profit Target 2: $0.026 - Stop Loss: $0.0105