Do Not Get Shaken

2 days ago

This is more of a warning rather than an analysis. Many holders are shaken right now, and it’s normal. You are in a volatile market and non of us can predict the market. Technically speaking, OXT has broken out of a very long term downtrend and is now retesting support. I believe there is hope and there is a lot of it as long as price manages to stay above this trend line. If the weekly candle closes below this trend line, the situation is gonna change and the breakout could be called a fake breakout, but so far price is respecting the support trend line and I do not plan to sell as long as price manages to stay above this level. I do not have a stop loss which is very silly in a volatile asset like this, but that’s just me, I like to play it risky. As for others who want to protect their assets then it is only logical to set up a stop loss. My sell target is 72 cents and I don’t plan to sell below my target. I’ve tried to look at the RSI. The RSI scares me a little, but I’m still not gonna sell. I entered the game at 0.1175 and I’m gonna leave the game at 0.73 and if market doesn’t form a reversal and I see more bearish signal then I’ll have to sell at a big loss which is ok, but for now, I HOLD.