$VOXEL /USDT 15m chart using smart money concepts (CHoCH, BoS), RSI, and zone analysis:
š§ Technical Analysis Summary
š Market Structure
Price was previously in a strong downtrend with two confirmed Break of Structure (BoS) events.
Followed by a bullish CHoCH and higher low structure showing a potential reversal.
Most recent price action is testing previous supply (~$0.1005ā$0.1025 zone).
š Supply & Demand Zones
š„ Supply Zones:
Primary: $0.1005ā$0.1025 (current test zone, high confluence with last drop base).
Secondary: $0.1070ā$0.1115 (upside target if breakout occurs).
š© Demand Zone:
Around $0.0900ā$0.0920, reinforced by a bullish reaction and CHoCH.
š¹ RSI Analysis
RSI currently around 64, previously spiked near 75 (potentially overbought).
Starting to roll over, could signal short-term cool-down or consolidation.
No strong divergence, but momentum is slowing near resistance.
šÆ Actionable Outlook
ā
Bullish Bias (If Confirmed)
Confirmation Needed: Break and close above $0.1025 with volume.
Long Entry: Above $0.1025 retest.
TP1: $0.1070, TP2: $0.1115.
SL: Below $0.0980.
ā ļø Bearish Risk
Rejection from supply may cause a revisit to $0.0920 demand.
Watch for bearish CHoCH around current levels ā could signal trap breakout.
š§ Conclusion
Short-term trend: Bullish structure emerging.
Near-term watch level: $0.1005ā$0.1025 resistance; reaction here determines next move.
RSI warns of limited upside unless followed by consolidation or reset.