๐จ$OAX OAX/USDT: Strong Rebound After a Sharp Drop! ๐จ
$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? Letโs analyze the key levels to watch!
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Key Levels to Monitor:
๐ Resistance Zones:
0.1189: Immediate resistanceโa breakout here could trigger a move toward 0.1715.
0.2168: Major resistanceโclearing this level could indicate a bullish trend.
๐ Support Zones:
0.0736: Strong rebound zoneโa retest here could signal bearish continuation.
0.0664: Critical supportโfalling below this might open doors for further declines.
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Scenarios to Consider:
1๏ธโฃ Bullish Case: ๐
Sustained recovery above 0.1189 could lead to testing 0.1715, with potential to aim for 0.2168.
2๏ธโฃ Bearish Case: ๐
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.
๐ฌ Will you ride the OAX recovery wave or wait for stronger confirmation? Share your thoughts!
