The $OAX /USDT pair on the 15-minute chart is showing a steady rise in price, currently trading around 0.1488 USDT. After a significant upward movement to a recent high of 0.1559 USDT, the price has slightly pulled back and is now consolidating.

This suggests the potential for either continuation upward or further correction. The immediate resistance to watch is 0.1559 USDT; a breakout above this level could signal strong buying interest and a potential move higher. On the downside, support is identified at 0.1370 USDT, which will be critical to maintain to avoid a deeper pullback.

Entering around the current price of 0.1488 USDT could provide an opportunity if the bullish trend resumes. Suggested take-profit (TP) levels include TP1 at 0.1510 USDT, TP2 at 0.1535 USDT, and TP3 at 0.1559 USDT.

For risk management, a stop-loss (SL) at 0.1450 USDT is advisable to limit potential losses in case of a reversal.Monitoring the MACD and RSI indicators, as well as volume, will help gauge the strength of any move above resistance or defense of support.

This is a short-term setup, so be prepared for quick adjustments based on market momentum.

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