🚨 $OAX /USDT Trading Alert on the 15-Minute Chart 🚨
The OAX/USDT pair is currently showing strong upward momentum, recording a notable 25.53% surge. After a swift rally from a low of $0.1635 to a high of $0.2147, the price is now stabilizing around the $0.1967 level. This rally is creating excitement, but traders should remain cautious, as it is nearing key resistance levels that could trigger either a breakout or a correction.
Current Price: $0.1967 USDT
Entry Price: Consider entries around $0.1960 - $0.1975, aiming to catch any breakout or support bounce.
💡 Critical Levels to Watch: 💡
Major Resistance: $0.2147 USDT – This is the recent high and the immediate resistance level. A breakout here could pave the way for further gains.
Support Zone: $0.1797 USDT – If the price pulls back, watch for stability around this level as a potential entry for a bullish continuation.
Stop Loss: $0.1609 USDT – Place a stop loss below this support to mitigate risk if the price reverses sharply.
🎯 Take-Profit Targets: 🎯
1. Target 1: $0.2180 USDT – Near the recent high, likely attracting early profit-takers.
2. Target 2: $0.2300 USDT – Break above recent resistance, aiming for a stronger rally.
3. Target 3: $0.2450 USDT – Extended target if bullish momentum continues.
⚠️ Caution: Stay alert to potential volatility around resistance at $0.2147. A rejection could lead to a pullback towards the support zone around $0.1797. Watch for consolidation or signs of a breakout before entering aggressively.
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