OXT to the moonOXT is showing its strength -- can it pull through and get back over previous major support (Now resistance) around the .20 cent range. If it did, it would be a proverbial, three pointer at the buzzer sending them into overtime! ;)
Oxtusdc
Orchid OXTUSD - Back into an area of interest for me. Traders,
I waited patiently. And now? OXT is finally back into an area in which I become interested again. Over the BLACK ascending trendline is definitely a bullish sign! Now, we do need to see confirmation on the daily. Today's candle should close above that black trendline and then I'd like to see another candle open and close above it tomorrow. But all in all, with the bullish price action I am seeing again in crypto world, I expect this to happen. So, here's what I'll look for:
#1 - We hit resistance at 30.8 cents. Now, I'd like to see a retreat.
#2 - A re-test of our previous resistance, now support, at around 28 cents.
#3 - A bounce from there and continued upward price trajectory.
My entry/re-entry area would be around that 28 cents support level. I'll wait patiently and, should I have some funds set aside, I'll enter there. If the price doesn't retreat to that level? I move on. Plenty of opportunities right now. Can hardly keep up!
Best of luck traders!
- Stewdam.us
OXTUSD Orchid Next Stop 79 Cents! How to play this trade.In this video we discuss:
79 cents target
Levels
[*} Trade strategy
Profit taking
Time till launch
