$VOXEL USDT Trade Signal (1D Timeframe)
- Current Price: 0.1570 USDT
- Trend:
VOXEL is currently trading within a descending channel, attempting a breakout after a long bearish trend.
Trade Setup:
Entry Zone:
- Buy around 0.150 - 0.157 USDT (Price is near resistance at 0.1715 USDT, so wait for a breakout confirmation).
Targets:
- Target 1: 0.1715 USDT (Resistance level)
- Target 2: 0.1963 USDT (Mid-range resistance)
- Target 3: 0.3096 USDT (Fibonacci 38.2% level)
Stop Loss:
- SL: 0.0883 USDT (Below the previous low support level).
Indicators:
- RSI: RSI is rising, showing bullish momentum, but not yet overbought. This supports a potential recovery if the price breaks out of the descending channel.
Key Levels:
- Resistance: 0.1715 USDT, 0.1963 USDT
- Support: 0.0883 USDT (Major support level)
Watchlist:
Keep an eye on a strong breakout above 0.1715 USDT with higher volume to confirm bullish reversal. If price fails to break this level, a continuation down toward 0.0883 USDT is possible.
