$OXT
OXT/USDT Trade Guide (1H Timeframe) โ Binance
๐ Market Overview:
The price was in a downtrend with a BOS Down, confirming lower lows. However, two BOS Up signals now indicate a bullish reversal. Price recently tested a supply zone (0.0945 - 0.0960 USDT) and is pulling back.
๐น Key Levels:
Resistance Zone: 0.0945 - 0.0960 USDT (Current rejection area)
Support Zone 1: 0.0875 - 0.0890 USDT (Potential retest area)
Support Zone 2: 0.0800 - 0.0820 USDT (Stronger demand zone)
๐น Trade Idea 1: Long (Buy) on Retracement
๐ Entry: 0.0875 - 0.0890 USDT
๐ฏ Target 1: 0.0940 USDT
๐ฏ Target 2: 0.0960 USDT
๐ Stop Loss: 0.0850 USDT
๐ RRR: 2:1+
โ Confluence:
Bullish structure shift (BOS Up)
Previous resistance turning into support
Volume increase on breakout
๐ป Trade Idea 2: Short (Sell) from Resistance
๐ Entry: 0.0945 - 0.0960 USDT
๐ฏ Target 1: 0.0890 USDT
๐ฏ Target 2: 0.0820 USDT
๐ Stop Loss: 0.0970 USDT
๐ RRR: 2:1+
โ Confluence:
Price rejecting supply zone
Wicks signaling resistance hold
Potential retracement before further bullish move
๐ Final Thoughts:
Bullish bias unless price breaks 0.0850 USDT.
Best buy zone: 0.0875 - 0.0890 USDT.
Risk management: Keep SL tight, risk 1-2% per trade.
๐ Watch for volume spikes & candlestick confirmation!