After a powerful +117% rally, VOXEL hit a strong resistance zone near $0.04700–$0.05400 and showed an immediate rejection with a sharp pullback. This signals possible profit-taking and weakening momentum.
Current Price: $0.0468
24H High / Low: $0.0540 / $0.0214
24H Volume: 691.51M VOXEL
1H Chart Analysis:
Strong rally met with upper wick rejection
Volume cooling off after high volatility burst
Resistance holding at $0.04700 with no follow-through
Short Trade Plan:
Entry Zone: $0.0468 – $0.0470
Final Target: $0.0319
Stop Loss: $0.0544
Why This Setup Makes Sense:
Overextension combined with immediate rejection offers a short opportunity targeting retracement.
Risk Strategy:
Use trailing stop-loss once below $0.0420 to secure early profits.
Take short trade here on $VOXEL
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