$VOXEL – Potential Reversal Watch
Current Price: $0.0801
Trend: Previously in a strong downtrend, but showing signs of short-term bottoming after bouncing from $0.0713. Price is now attempting to reclaim moving averages.
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Trade Setup (Aggressive Entry) - Long Entry:
- Entry Zone: $0.0795 – $0.0805
- Stop-Loss: Below $0.0760
- Take Profit Targets:
- TP1: $0.0835
- TP2: $0.0870
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Market Analysis:
- Price recently bounced from the support zone ($0.0713) with rising volume.
- Moving averages (especially MA(7) and MA(25)) are flattening, indicating potential trend shift.
- If bulls hold above $0.0800, VOXEL could see a recovery bounce.
- A clear break and hold above the MA(99) at $0.0846 could confirm momentum continuation.
Note: This is a short-term scalp setup unless higher timeframes confirm a broader reversal.
For Short Entry:
# Entry (Low-Risk, Trend-Aware):
- Entry Zone: $0.0775 – $0.0790 (buy on a pullback to the short-term rising support)
- Confirmation Entry (Aggressive): Break and hold above $0.0846 (MA99)
# Targets:
- TP1: $0.0830 (first resistance zone)
- TP2: $0.0875 (if momentum sustains)
# Stop-Loss:
- SL: Below $0.0740 (beneath recent swing low support)
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Market Analysis Summary:
- Short-term momentum is shifting positive after heavy sell-off.
- Volume has increased on green candles, indicating interest from buyers.
- However, this is still counter-trend on higher timeframes.
- A break and close above $0.0846 would be the first sign of a trend reversal.
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