$OAX looks perfectly #BEARISH📉 on the 1H chart.

The technical indicators do not signal a bullish reversal. Therefore, a move towards 0.19 looks programmed.

Especially since the overall market performs weak at the moment.

It remains a risky trade since OAX had some sudden short pumps (followed by an immediate sell-off).

However, most of the pumps appeared on the way up - therefore, I prefer a tighter stop loss.

Stop Loss: 0.22

1st TP: 0.21

2nd TP: 0.19

R/R Ratio: 4.7